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The Impact of Currency Appreciation & Depreciation on Unemployment

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question 1 of 3

A country has a population of 12 million people. Two million are 65 years or older and 1.2 million don't have a job. What is the unemployment rate?

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1. If the currency of a country suddenly appreciates, unemployment is likely to rise. What is one cause for this increase?

2. How can a government try to reduce the effect of currency appreciation on unemployment?

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About This Quiz & Worksheet

What can be done to ease the effects of currency appreciation on unemployment? How does the government react to small depreciations in currency? These are just some of the facts you'll need to know when you use this quiz/worksheet assessment.

Quiz & Worksheet Goals

On this quiz, you will be asked to:

  • Calculate the unemployment rate in a given scenario
  • Explain a cause of the rise in unemployment due to currency appreciation
  • Describe how a government can try to reduce the effect of currency appreciation on unemployment
  • Determine what would happen in a country based on given information about its currency
  • Note what a government would do in response to a small depreciation in currency

Skills Practiced

  • Problem solving - use acquired knowledge to solve a practice problem related to the unemployment rate in a specified scenario
  • Information recall - access the knowledge you've gained regarding the government's reaction to a small currency depreciation
  • Knowledge application - use your knowledge to answer questions about currency appreciation

Additional Learning

Reviewing the lesson titled The Impact of Currency Appreciation & Depreciation on Unemployment pays off if you're seeking more information about this topic. With this lesson, you'll learn:

  • How currency appreciation and depreciation are defined
  • How most countries measure unemployment
  • What some countries do to maintain demand for local goods
  • What a moderate depreciation leads to
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