AP-Unemployment

Multiple Choice

Which part of the PPC is characterized by excess unemployment?

• X

• Y

Multiple Choice

Which part of the Business Cycle is characterized by excess unemployment?

• Expansion
• Recession

Open Ended

What do you notice about Unemployment over the years? (use the image)

Multiple Choice

What is unemployment linked with?

• Declining GDP

• Inflation

• Expenditures

• Ms. Ash

Multiple Choice

Okun’s Law: For every 1% increase in unemployment, GDP decreases by 2%.

Example: 

Unemployment increases by 3%

So...what happens?

• GDP increases by 3%

• GDP decreases by 6%

• GDP increases by 6%

• GDP decreases by 3%

​Complete the first 3 questions

Open Ended

How would YOU define unemployed?

Match

Match the following

• Unemployed

• Employed

• Not counted

Lisa lost her job 2 weeks ago

Ms. Ash works from August to June

Steve stays home with his baby

• Lisa lost her job 2 weeks ago

• Ms. Ash works from August to June

• Steve stays home with his baby

Match

Match the following types of unemployment to its correct definition

• Jumping between jobs

• Out of work due to a recession

• Laid off due to technology or lack of skills

Frictional

Cyclical

Structural

• Frictional

• Cyclical

• Structural

Match

Match the following types of unemployment to its example

• Remi left his job as a loaf kneader to be a professional napper

• Oliver became unemployed due to COVID-19

• Thea lost her job as a cashier due to automated touch screens

Frictional

Cyclical

Structural

• Frictional

• Cyclical

• Structural

Multiple Choice

Watch the video:

Which type of unemployment could this be an example of?

• Cyclical

• Frictional

• Structural

Multiple Choice

Watch the video:

Which type of unemployment could this be an example of?

• Cyclical

• Frictional

• Structural

Multiple Choice

Watch the video:

Which type of unemployment could this be an example of?

• Cyclical

• Frictional

• Structural

​UNEMPLOYMENT GOALS

Match

Match the following

• Unemployment is higher than 5%

• Unemployment is 4-5%

• Unemployment is lower than 4%

Indicates a Recession

Goal/Full Out-put (Equilibrium)

Indicates an Expansion

• Indicates a Recession

• Goal/Full Out-put (Equilibrium)

• Indicates an Expansion