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Ch 68: MTTC Social Studies (Secondary): Understanding Unemployment

About This Chapter

The subject matter in this chapter's engaging video lessons broadly covers unemployment. You'll run into key material that's among the MTTC Social Studies (Secondary) test objectives.

MTTC Social Studies (Secondary): Understanding Unemployment - Chapter Summary

Prepare for a number of possible questions on the MTTC Social Studies (Secondary) exam by refreshing your memory with this chapter's lessons. Once you're done with the chapter, you should be able to choose the right answer for any test questions that ask about:

  • The criteria for being considered unemployed
  • How the unemployment rate is measured
  • The major kinds of unemployment
  • What the rational expectations theory supports

You can easily arrive at any particular video segments that you want to see again by using the handy video tags. You'll get to quickly confirm your understanding of each lesson by completing the corresponding practice quizzes.

MTTC Social Studies (Secondary): Understanding Unemployment Chapter Objectives

The MTTC Social Studies (Secondary) test decides your eligibility for teaching social studies subject matter to students in Michigan according to your score. This test will employ 100 multiple-choice questions to gauge your familiarity with the kinds of topics seen in this chapter. The economics subarea of the exam, worth roughly 13% of your score, is the portion of the test that addresses unemployment issues.

6 Lessons in Chapter 68: MTTC Social Studies (Secondary): 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.
Not Taken
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 MTTC Social Studies (Secondary)(084): Practice & Study Guide course

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