Define the unemployment rate, and distinguish between the different types of unemployment.

Equilibrium of Demand and Supply
December 24, 2020
The Federal Reserve was originally founded with the purpose of?
December 24, 2020

1.       Compare and contrast potential GDP and real GDP.

2.       Define the unemployment rate, and distinguish between the different types of unemployment.

3.       Explain the trade-off between unemployment and inflation.

4.       Define recession, and discuss the impact of recessions on workers and businesses.

5.       List the possible causes of recession.

6.       Define the unemployment rate, and distinguish between the different types of unemployment.

7.       Explain the trade off between unemployment and inflation.

8.       Define recession, and discuss the impact of recessions on workers and businesses.