Ch 22.pdf - CHAPTER Monitoring Jobs and the Price Level 22 After studying this chapter you will be able to Define the unemployment rate the labor force

Ch 22.pdf - CHAPTER Monitoring Jobs and the Price Level 22...

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Monitoring Jobs and the Price Level CHAPTER 22
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After studying this chapter you will be able to Define the unemployment rate, the labor force participation rate, the employment-to-population ratio, and aggregate hours Describe the sources of unemployment, its duration, the groups most affected by it, and how it fluctuates over the business cycle Explain how we measure the price level and the inflation rate using the CPI
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