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Summary ECON112: CHAPTER 4 - UNEMPLOYMENT & INFLATION

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Institution: Capilano University (CapU )
Study: Business Administration
Course: Macroeconomic Theory (ECON112)

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Uploaded on: December 1, 2021
Number of pages: 13
Written in: 2021/2022
Type: Summary

Subjects

unemployment
inflation
econ11
econ112
econ
macroeconomic
macroeconomic theory
theory
macro
econommic
chapter 4
unemployment and inflation

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Ch 4

Unemployment
&

Inflation

, Labour force 15-1
all
↳ members
of the
working-age population ,

both employed &
unemployed .

=/ Labour Force

↳ retired ppl , financially independent ,
not
looking for job
Employed
↳ are
working
Unemployed
↳ are not
working but actively seeking work

Unemployment
↳ the number +
who
actively
of persons 15
yo are

seeking work but not employed
Unemployment rate

↳ the percentage of those in the labour force who do not

hold paid employment
Participation
-
rate

the those who
↳
percentage of in the
working -

age population
the
are
actually in labour force .

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Summary ECON112: CHAPTER 4 - UNEMPLOYMENT & INFLATION

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