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Macroeconomic Objectives · Term 3

Measuring Unemployment and its Costs

Understanding how unemployment is measured and its economic and social consequences.

Key Questions

  1. Explain the limitations of the official unemployment rate.
  2. Analyze the social costs of long-term unemployment.
  3. Evaluate the concept of the natural rate of unemployment.

ACARA Content Descriptions

AC9EC11K09
Year: Year 11
Subject: Economics & Business
Unit: Macroeconomic Objectives
Period: Term 3

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