Project #36735 - macro discussion unit 5

Budget $10

The Discussion topics focus on how to measure the cost of living and rate of unemployment in the economy, and specific discussion areas include the various forms of unemployment and how they are measured, debates on measuring unemployment rate, and the imperfections of official unemployment rate. Moreover, consumer price index (CPI), rate of inflation, and their impacts on the cost of living will be discussed.

Respond to two of the following Discussion topics. Read Chapters 11 and 15, and remember to include references and links to the websites that are important contributors to your posts (comments).

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?

 

Subject Business
Due By (Pacific Time) 07/31/2014 07:00 pm
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