1) Explain the difference among the seasonal, the frictional, the structural, and the cyclical forms of unemployment.
2) Differentiate among PPI, CPI and GDP DEFLATOR.
3) Define natural rate of unemployment.
4) compare Demand pull inflation and Cost push inflation.
5) Treasure Hunt:
a) Go to www.cengage.com/sso (Links to an external site.)Links to an external site.
At Bookshelf of Arnold economics of 11th edition, click Economics Course Mate of Economics(11th ed) by Roger A Arnold.
Then, click “select chapter ” for Ch6 and try Ch6 Macroeconomic Measurement: price and unemployment to get access to “AZ glossary” under left menu bar.
Describe first Five(5) terms you see.
b) After watching”BBC Video ” of Ch 6 and 7 at www.cengage.com/sso (Links to an external site.) Links to an external site. , analyze the contents of those videos by relating into economic theories. (3 points)