Macro
Unemployment related to the Business Cycle
Cyclical Unemployment
6 Months of Declining Economic Output, GDP
A Recession
What is different from Inflation and Hyper Inflation
The Psychological Factor
Unemployment related to skills needed
Structural Unemployment
Measures the average prices of Market Baskets of Goods and Services by Urban Consumers, Measures Inflation
The Consumer Price Index, CPI
Inflation or Hyper Inflation
Unemployment when you are in between Jobs.
Frictional Unemployment
More Output and Productivity generally leads to what
Which country introduced a Fake Currency to solve Hyperinflation
Brazil
Those hurt the most when there is unexpected inflation
Savers, Creditors, Lenders, and those on a fixed income
Most important Measure of Economic Activity
GDP
What is the inflation rate---
CPI 2001-177
CPI 2002- 180
2%
Negative Inflation, a decrease in the Price of Goods and Services
Deflation
What does CPI measure? It's a rate.
The Inflation Rate
Biggest Category when measuring GDP
Consumer Spending