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Chapter 24 Unemployment and Inflation

Chapter 24 Unemployment and Inflation

Author: Matthew Lonn

Students will examine how the unemployment rate is calculated and who is considered to be in the labor force.

Students will analyze the inflation rate, how it's calculated, what the CPI is and who is helped and hurt most by unanticipated inflation.

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Questions you should be able to answer after the lesson.

Who is in the Labor Force?

How is the Unemployment Rate calculated?

What are the different types of unemployment and how are they different?

What is the Consumer Price Index?

How is the inflation rate calculated?

Chapter 24 Notes

Understanding the Unemployment Rate

Calculating the CPI