5 min read
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 11
Ready to get started? 🚀 Which of the following individuals is considered part of the labor force?
A full-time college student not seeking work
A retired teacher enjoying their pension
A 25-year-old actively looking for a job
A soldier serving in the military