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Ch 6: Understanding Unemployment: Help and Review

About This Chapter

The Understanding Unemployment chapter of this College-Level Principles of Macroeconomics Help and Review course is the simplest way to master understanding unemployment. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of understanding unemployment.

Who's it for?

Anyone who needs help learning or mastering college macroeconomics material will benefit from taking this course. There is no faster or easier way to learn college macroeconomics. Among those who would benefit are:

  • Students who have fallen behind in understanding unemployment or working with the unemployment rate
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning economics (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about unemployment
  • Students who struggle to understand their teachers
  • Students who attend schools without extra economics learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Understanding Unemployment chapter exam.

Why it works:

  • Study Efficiently: Skip what you know, review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Understanding Unemployment chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any unemployment question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in an Understanding Unemployment unit of a standard college-level principles of macroeconomics course. Topics covered include:

  • Three types of unemployment
  • Natural rate of unemployment
  • Rational expectations in the economy and unemployment
  • Minimum wage and its effects on employment

9 Lessons in Chapter 6: Understanding Unemployment: Help and Review
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.

What is Abject Poverty? - Definition

7. What is Abject Poverty? - Definition

In this lesson, we will explore the concept of abject poverty. We will define the term and look at some poverty statistics, and then you can test your knowledge with a quiz.

What Is Relative Poverty? - Definition, Causes & Examples

8. What Is Relative Poverty? - Definition, Causes & Examples

Over 40 million people in the United States lived in relative poverty as of 2012. Learn about the causes of relative poverty and test your knowledge with a quiz.

The Labor Force Participation Rate: Equation & Concept

9. The Labor Force Participation Rate: Equation & Concept

A country's unemployment rate doesn't tell the whole story about employment. In this lesson, you'll learn about the labor force participation rate, including what it is, related concepts, and how to calculate it. A short quiz follows.

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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