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Ch 73: NES: Understanding Unemployment

About This Chapter

Let us help you understand unemployment with these informative video and text lessons. Our resources will help you prepare for questions about the causes and effects of unemployment on the National Evaluation Series (NES) Middle Grades Social Science exam.

NES: Understanding Unemployment - Chapter Summary

This chapter uses a combination of lessons and quizzes to help you review the unemployment rate, types of unemployment and economic factors that affect unemployment. You'll find all the information you need to prepare for NES Middle Grades Social Science exam questions on the following topics:

  • Measuring rate of unemployment
  • Increases and decreases in the unemployment rate
  • Frictional, structural and cyclical unemployment
  • Formula for the natural rate of unemployment
  • Rational expectations for unemployment
  • Effect of minimum wage on unemployment

Each topics is addressed in a brief video and/or text lesson. Lessons last about seven minutes on average and come with a corresponding practice quiz. Use the quizzes to test your understanding of lesson topics and to get an idea of what to expect on the NES exam.

NES: Understanding Unemployment Chapter Objectives

The lessons in this chapter prepare you for unemployment questions on the Economics subarea of the NES Middle Grades Social Science exam. This exam section accounts for about 12% of the total test score. Passing the NES Middle Grades Social Science exam is a licensure requirement for middle school social science teachers in certain states. The test consists of 150 multiple-choice questions on history, geography, culture, government and economics. You'll take the exam electronically, with three hours allotted to answer test questions.

6 Lessons in Chapter 73: NES: 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 NES Middle Grades Social Science (202): Practice & Study Guide course

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