Unemployment & Jobs
Inflation & CPI
GDP Growth
Finance, Savings & Investment
Potpourri
100
Often considered the "good" unemployment, this short-term unemployment is associated with normal turnover, like new entrants looking for their first jobs
What is frictional unemployment?
100
This metric is defined as a measure of the average of the prices paid by urban consumers for a fixed market basket of consumer goods and services
What is the Consumer Price Index (CPI)
100
This is defined as the value of real GDP when all the economy’s factors of production, such as labor, capital, land, and entrepreneurship, are fully employed
What is Potential GDP?
100
This is calculated by taking the nominal interest rate and subtracting the inflation rate to remove the effects of inflation on buying power.
What is the real interest rate?
100
Recent reports from 2026 suggest that breakthroughs in this specific technology could lift global GDP by as much as 7% over the next decade by boosting labor productivity.
What is Generative AI?
200
This economic state occurs when all unemployment is purely frictional and structural, meaning there is absolutely zero cyclical unemployment.
What is the natural unemployment rate?
What is Full Employment?
200
This type of upward bias in the CPI occurs because newly introduced items—like computers or cell phones—do a better job than the older products they replace but cost more
What is the New Goods Bias?
200
The graphical model that delineates the relationship between inputs (labor hours) with output (Real GDP).
What is the Production Function?
200
The result of an increase in wealth, an increase in expected future income, or an increase in financial (default) risk.
What causes the SLF curve to shift left?
200
If the U.S. economy grows at its projected 2026 rate of approximately 2.33%, this mathematical "rule" can be used to estimate that the economy would double in size in roughly 30 years.
What is the Rule of 70?
300
You get this labor market indicator by dividing the number of unemployed people by the labor force, and then multiplying by 100.
What is the unemployment rate?
300
The formula to calculate this value is: (Cost of basket at current price ÷ Cost of basket at base price) x 100
How do you calculate the CPI?
300
Acquired through education, on-the-job training, and learning-by-doing, the growth of this specific factor is considered the most fundamental source of labor productivity growth.
What is human capital?
300
According to the graph, this is the equilibrium real interest rate and equilibrium quantity of loanable funds.
What is 4% and $1.8 trillion?
300
While the official unemployment rate is low, this "broader" measure of labor underutilization is used to include discouraged workers and those working part-time for economic reasons.
What is U-6?
400
You get this labor market category by adding the number of employed and unemployed workers.
What is the Labor Force?
400
You find this economic value by dividing the nominal wage rate by the CPI and then multiplying by 100
How do you calculate the real wage rate?
400
This metric tells us how rapidly the total economy is expanding and is calculated as the annual percentage change of real GDP
What is the economic growth rate?
400
In the graph, a rightward shift from the curve labeled DLF0 to DLF1 illustrates this market occurrence.
What is an increase in expected profits?
400
To find the "Core" inflation rate, economists exclude these two volatile categories of goods from the Consumer Price Index.
What are Food and Energy?
500
This gap is negative when the unemployment rate exceeds the natural unemployment rate
What is the output gap?
500
To find the equivalent price of a 2019 stamp in 1919 dollars, you multiply the 2019 price by this specific ratio
What is the CPI in 1919 divided by the CPI in 2019?
500
In the provided graph, an upward shift from the lower curve (containing points W and X) to the upper curve (containing points Y and Z) is caused by an increase in this.
What is labor productivity?
What are technological advances?
What is human capital?
What is physical capital?
500
This economic effect occurs when government borrowing raises the real interest rate, which subsequently leads to a decrease in private investment.
What is the crowding out effect?
500
As of February 2026, the annual inflation rate in the U.S. was approximately this percentage, remaining relatively steady from the start of the year.
What is 2.4%?