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Econ HW

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.

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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.  

web 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)

 

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