Ch 73: AEPA: Understanding Unemployment

About This Chapter

The NES Middles Grades Social Science exam has replaced the AEPA Middle Grades Social Science test in the state of Arizona. As you study for this certification exam, use this chapter to improve your understanding of various unemployment issues.

AEPA Middle Grades Social Science: Understanding Unemployment - Chapter Summary

Complete the activities of this chapter to prepare for questions on the AEPA Middle Grades Social Science test related to the types and causes of unemployment as well as effects of an increase in minimum wage. Watch our professional instructors in this series of short, engaging lesson videos as they explain:

  • How unemployment is defined and measured
  • Reasons for changes in unemployment rate
  • Three kinds of unemployment
  • The natural rate of unemployment
  • Application of the theory of rational expectations
  • The minimum wage problem

You can use the timeline's jump feature to either jump ahead or go back in the videos. Test your understanding of the material with the quizzes and chapter exam. If you have any questions about something covered, you can easily submit them to instructors through the Teacher tab.

6 Lessons in Chapter 73: AEPA: Understanding Unemployment
Test your knowledge with a 30-question chapter practice test
Defining and Measuring the Unemployment Rate

1. Defining and Measuring the Unemployment Rate

You've probably heard about the unemployment rate, especially given how high it was in the 2008 recession. Find out how economists define unemployment, what the unemployment rate is, and how to calculate it in this lesson.

Why the Unemployment Rate Decreases and Increases

2. Why the Unemployment Rate Decreases and Increases

Policymakers, investors, and consumers watch the monthly unemployment rate with great interest. In this lesson, you'll learn what factors influence the unemployment rate and why the rate can change rapidly from month to month.

Three Types of Unemployment: Cyclical, Frictional & Structural

3. Three Types of Unemployment: Cyclical, Frictional & Structural

If you've ever lost your job after the holiday season, you've experienced at least one type of unemployment. In this lesson, explore the three types of unemployment including cyclical, frictional, and structural using real-world examples.

Natural Rate of Unemployment: Definition and Formula

4. Natural Rate of Unemployment: Definition and Formula

Explore the natural level of employment through the eyes of the Classical School and Keynesian economics, including fiscal policies that may reduce it.

Rational Expectations in the Economy and Unemployment

5. Rational Expectations in the Economy and Unemployment

This lesson provides an overview of the theory of rational expectations and then applies it to the labor market, fiscal policy and monetary policy. In the lesson, you'll learn more about expectations and outcomes in a world where people want to maximize profit.

Minimum Wage and its Effects on Employment

6. Minimum Wage and its Effects on Employment

There are times when the labor market is perfectly balanced between what employers are willing to pay and what workers want in a job. In this lesson, find out what happens to the labor market when governments intervene, imposing a minimum wage.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the AEPA Middle Grades Social Science (NT202): Practice & Study Guide course

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