Unit 2 Study Guide

 

What is inflation?

What is disinflation?

What is deflation?

What is the CPI?

How is the unemployment rate calculated?

What is the labor force?

What is cyclical unemployment?

What is the CPI?

What is the PPI?

Should 0 (zero) unemployment be the goal of a healthy economy?

Frictional and structural unemployment occur when the economy is healthy

What is cyclical unemployment?

What is structural unemployment?

What is frictional unemployment?

What is a recession?

What is a discouraged worker?

What is underemployment?