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Textbook Site for:
Fundamentals of Economics , Third Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Internet Exercises And Solutions
Chapter 11: Unemployment, Inflation, and Business Cycles


1. Measuring Unemployment
Examine the Current Population Survey on the Department of Labors Bureau of Labor Statistics website at http://www.bls.gov/cps/and find answers to the following questions:

  1. Who is counted as employed?

  2. Who is counted as unemployed?

  3. How does the government measure underemployment?

  4. What is the current unemployment rate?

  5. Who are discouraged workers?




2. Who Decides If It Is a Recession?
Go to the National Bureau of Economic Research (NBER) website at http://www.nber.org/info.html and answer the following questions:

  1. What is the NBER?

  2. What is the name of the group that determines when recessions begin and end?

  3. Why would the NBER determine business cycles and not the Labor or Commerce Department?





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