Ch 76: OAE - Integrated Social Studies: Unemployment & Inflation

About This Chapter

Recollect the factors that influence inflation and unemployment rates through this chapter's online educational videos. Afterward, you can express what you know about these topics when you take the OAE Integrated Social Studies examination.

OAE Integrated Social Studies: Unemployment and Inflation - Chapter Summary

Watch this chapter's interactive video lessons before you sit for the OAE Integrated Social Studies examination. The video lessons have been developed to expand your knowledge of the U.S. monetary policies, the economy and the labor force. Use them to review topics such as the gross domestic product and the Phillips curve. Study the correlation between unemployment and inflation, and learn more about the theory of rational expectations. The chapter could assist you with:

  • Discovering how the unemployment rate is measured
  • Understanding why the unemployment rate grows and shrinks
  • Identifying three kinds of unemployment
  • Discussing the use of rational expectations
  • Explaining the Phillips curve
  • Calculating the formula for the gross domestic product

These video lessons are delivered by experienced teachers, professors and scholars. You can watch the lessons when it's convenient and review at your own pace. Submit your questions about unemployment and inflation whenever necessary, and use the video tags to quickly move among topics. When you've watched each of the lessons, take the time to complete the short quizzes that follow to ensure your preparation for answering related questions on the OAE Integrated Social Studies examination.

OAE Integrated Social Studies - Unemployment and Inflation Objectives

The fifth and final domain of the OAE Integrated Social Studies examination is titled, Economics. When you reach this section, you'll have opportunities to apply the lessons you learned in this chapter and in previous studies. This domain accounts for 12% of the examination score. There are 150 multiple-choice questions on the three-hour examination, which is computer-based.

5 Lessons in Chapter 76: OAE - Integrated Social Studies: Unemployment & Inflation
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.

Rational Expectations in the Economy and Unemployment

3. 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.

The Phillips Curve Model: Inflation and Unemployment

4. The Phillips Curve Model: Inflation and Unemployment

Can we have low unemployment and low inflation at the same time? Some economists think the answer is no. In this lesson, we'll explore the relationship between inflation and unemployment in the short run, what economists call the Phillips Curve.

The GDP Deflator and Consumer Price Index

5. The GDP Deflator and Consumer Price Index

Have you ever wondered how inflation is measured? This lesson will compare and contrast two of the indicators used to measure inflation - the consumer price index and the GDP deflator.

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 Ohio Assessments for Educators - Integrated Social Studies (025): Practice & Study Guide course

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