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QUESTION
Topic 1 What are the different types of unemployment and how are they related to the condition of the economy during a given period?
Topic 1
- What are the different types of unemployment and how are they related to the condition of the economy during a given period? Is it possible for the number of employed workers to increase while the unemployment rate rises? Explain
- Does an Increase in the Minimum Wage Rate result in a Higher Unemployment Rate? What is your opinion on the relationship between unemployment benefits and labor market participation of the unemployed people?
Topic 2
The consumer price index (CPI) is used to calculate the rate of inflation, and hence it measures the cost of living in an economy.
- How do we use consumer price index (CPI) to measure the cost of living? What is the relationship between CPI and the rate of inflation?
- What is the importance of measuring price fluctuations? How does the change in average price help explain the difference between nominal and real interest rates?
