Macroeconomic

Macroeconomic chapter 3: Unemployment

by LER SHU MIN
Tags: Macro 3
  • The unemployment rate is the percentage of the measured labor force that is unemployed.
  • Labor Force Participation Rate
  • The proportion of non-institutionalized working-age individuals who are employed or seeking employment
  • Inflation-An continuous  increase in price level without increases in good and services in economic cycle”  

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REFLECTION Macroeconomic 3

Posted on 27 April 2018, 12:37 PM
Last updated 21 May 2018, 11:38 AM
Tags: Macro 3

From this chapter i know that unemployment will lead to Inflation.

There are three type of inflation

  • Demand force inflation
  • Cost increases inflation
  • Import price inflation
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