Unemployment
What Unemployment means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Unemployment
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Reference: Pearson Edexcel
Typically rises during a recession as firms reduce their workforce in response to falling demand.
The number of people of working age who are willing and able to work but cannot find employment.
People of working age without a job who are actively seeking work.
Topics that use Unemployment
- Employment and unemployment (Pearson Edexcel A-Level)
- Possible macroeconomic objectives (Pearson Edexcel A-Level)
- The economic cycle (Pearson Edexcel A-Level)
Related terms
- Boom
- Current account
- Current account surplus
- Demand-pull inflation
- Economic cycle
- Economic growth
- Equilibrium
- Geographical immobility
Using Unemployment in the exam
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