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Fundamentals of Economics
, Second Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
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Chapter Outlines
Chapter 11: Unemployment, Inflation, and Business Cycles
- Business Cycles
- Definitions
- Historical Record
- Indicators
- Unemployment
- Definition and Measurement
- Interpreting the Unemployment Rate
- Types of Unemployment
- Costs of Unemployment
- The Record of Unemployment
- Inflation
- Absolute Versus Relative Price Changes
- Effects of Inflation
- Types of Inflation
- The Inflationary Record
Summary/Key Terms/Exercises
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