Natural Rate of Unemployment: Graphs & Analysis

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What is the natural rate of unemployment?

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1. Which one of the following groups of people are NOT taken into consideration when calculating unemployment rates?

2. The natural rate of unemployment is the rate of unemployment that coincides with which part of a graph of a labor market's supply and demand curves?

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About This Quiz & Worksheet

Information about the natural rate of unemployment is the focus of this quiz and worksheet. Some questions will require you to provide information about fluctuations in this rate.

Quiz & Worksheet Goals

Access this quiz and worksheet when you're ready to measure what you know about:

  • The term for the lowest sustainable rate of unemployment over a long period
  • Parts of the labor force
  • Changes in the rate of unemployment

Skills Practiced

This quiz offers you the chance to put the following study skills to use:

  • Information recall - access the knowledge you've gained regarding individuals who are not considered part of the labor force
  • Interpreting information - verify that you can read information regarding the natural rate of unemployment and the graph of the labor market and interpret it correctly
  • Distinguishing differences - compare and contrast levels of unemployment from the lesson, such as those above and below the natural rate of unemployment

Additional Learning

You can learn even more about this subject by studying the lesson titled Natural Rate of Unemployment: Graphs & Analysis. This lesson includes information regarding:

  • The formula for calculating the rate of unemployment
  • Circumstances that can affect unemployment
  • How the natural rate of unemployment can be analyzed and ways it affects businesses
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