Unemployment
Noah Martinez
5 min read
Study Guide Overview
This study guide covers labor and unemployment for AP Macroeconomics. It defines the labor force, including who is included and excluded, and explains the labor force participation rate. It then discusses the unemployment rate and provides calculation examples. Finally, it details the three types of unemployment: frictional, structural, and cyclical unemployment, providing definitions and examples for each.
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Question 1 of 9
Ready to test your knowledge? 🤔 Which of the following individuals would be considered part of the labor force?
A retired teacher enjoying their golden years
A 17-year-old student not actively seeking work
A software engineer actively searching for a new job after a layoff
An individual in a correctional facility