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This video lesson covers essential concepts about employment in macroeconomics, helping you prepare thoroughly for your exams, and is tailored specifically for CAIE A Level Economics students. What You Will Learn: 1. Full Employment Defined: Understand full employment as a state where all economically active individuals willing and able to work at the going wage rate can find employment, acknowledging the presence of some unemployment due to job transitions and searches. 2. Sources of Unemployment: Identify and distinguish between equilibrium unemployment and disequilibrium unemployment. 3. Labor Market Equilibrium: Analyze the aggregate demand and supply of labor in macroeconomic equilibrium, recognizing the influence of wage rates and the quantity of labor employed. 4. Aggregate Supply of Labor: Explain why the aggregate supply of labor is inelastic due to significant limitations in changing the labor force size. 5. Labor Market Dynamics: Evaluate factors influencing the inelastic supply curve and the downward-sloping demand curve, understanding their implications for wage rates and employment levels. ------------------------------------------------------------------------------------------------------------------------------------------------- Want an A* in A Level Economics? Join Alt Academy to gain access to our amazing resources. https://altacademy.org/?utm_source=yo... You’ll get: 1. Video lessons covering the full AS & A2 syllabus 2. Expert Academic Support 3. Past paper video solutions that explain how to answer each question step by step 4. A readymade study plan to complete the AS or A2 Econ syllabus in 60 or 90 days 5. Topical skill-checks and chapter worksheets for extensive practice 6. Global Community of learners 7. Revision guides and flashcards 8. Written past paper solutions going all the way back to 2016 Not just for Economics, but also other commerce and science subjects (and even Psychology), making 8 in total! Still have questions? Book a demo call. https://calendly.com/aazmir-fahim/30m... Follow Us: Instagram: / altacademyorg LinkedIn: / altacademyorg Facebook: / altacademyorg For exam tips, past paper video solutions, intros to our subject experts & more, check out our main YouTube channel. / @altacademyorg Want to buy Alt for Math, Business or another subject? Check out our other channels for what kind of lessons to expect: / @alevelphysics.altacademy / @alevelbusiness.altacademy / @alevelchemistry.altacademy / @alevelmaths.altacademy / @alevelaccounting.altacademy / @alevelpsychology.altacademy / @alevelbiology.altacademy