Mr. Clifford’s explanation of frictional, structural, and cyclical unemployment and the natural rate of unemployment. Remember that “full employment” is not 0% unemployment. Even a normal health economy will experience frictional and structural unemployment. Please keep in mind that these video lessons are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.
ACDC is Mr. Clifford’s teaching philosophy: