Define the term 'unemployment rate' as referred to in Extract B (line 5).
Extract B (line 5) refers to the 'unemployment rate' in the context of cyclical fluctuations in aggregate demand and the transition between different states of the labour market.
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.