Test: Unemployment

Wednesday, September 28th, we will have a short test over the basics of unemployment.  You should be able to do the following:

Be able to define unemployment, in general.

Explain what is meant by “hidden” unemployment? – what are the three types of people who are “hidden”?

Explain why the unemployment rate might not accurately reflect a certain group of people?

Identify three “inflows” to the pool of unemployment.

Identify three outflows of the pool of unemployment.

For each type of unemployment, be able to do each of the following:

            Explain it using the definition

            Identify an example

            Draw the graph that illustrates it

            Explain the solutions

Please see me with any questions.