Unit 5 Topic 1: There are various debates on measuring rate of unemployment and
Unit 5 Topic 1: There are various debates on measuring rate of unemployment and its policy implications. What are the different types of unemployment and how are they related to the condition of the economy during a given period? Is it possible for the number of employed workers to increase while the unemployment rate rises? Explain Topic 2: Official unemployment rate is an imperfect measure of the rate of unemployment (joblessness). Give examples on how the definition of unemployment rate overstates or understates the number of jobless people in the economy. Topic 3: How do we use consumer price index (CPI) to measure the cost of living? What is the relationship between CPI and rate of inflation?
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