Ch. 8 Reading Guide: Due Wednesday 11/4

1.  Review all unemployment topics:
a.  types of unemployment
b.  types present at full employment rate
c.  Okun's Law
d.  Unemployment rate calculation
e.  Statistical inaccuracies/problems with the UR as an indicator






2.  Illustrate the business cycle.
a.  indicate where cyclical unemployment would most likely occur






3.  Define inflation.


a.  Create a chart of who is helped and hurt by inflation in an economy.




4.  Describe the CPI and how it measures inflation.




5.  Define Demand Pull Inflation. 




4.  Define Cost Push Inflation.