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Economics
book

Economics

by Terry Hillman
July 2014
Beginner content levelBeginner
384 pages
8h 39m
English
DK Publishing
Content preview from Economics

CHAPTER16

Unemployment and Inflation

In This Chapter

  • Understanding the unemployment rate
  • The natural and actual rate of unemployment
  • Categories of unemployment: frictional, structural, and cyclical
  • How unemployment and inflation are related
  • Factors considered in creating unemployment policy
  • Understanding the Phillips Curve

Unemployment and inflation: why are these seemingly unrelated topics paired? What’s the connection? You might have heard that, at least in the United States, monetary policy is aimed at keeping unemployment low and prices stable. That gives us a clue that there is a relationship between unemployment and inflation. At a minimum, ...

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Publisher Resources

ISBN: 9781615645022