IB Econ Unemployment and Inflation quiz

Unemployment:

What is it?

Laid off auto worker

Surgeon moves to Aspen to join a new practice

Art History major works part time at a bike shop

Parent takes a two year career break to care for kids

Twenty year old decides to play video games full-time and go professional

Inflation:

  1. Differentiate between inflation, disinflation and deflation.
  2. What are the problems in measuring inflation?
  3. What central bank policy can reduce inflation?
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