About This Chapter
How it works:
- Identify which concepts are covered on your inflation and unemployment homework.
- Find videos on those topics within this chapter.
- Watch fun videos, pausing and reviewing as needed.
- Complete sample questions and get instant feedback.
- Finish your inflation and unemployment homework with ease!
Topics from your homework you'll be able to complete:
- Relationship between inflation and unemployment in the Phillips curve model
- Factors that shift the Phillips curve
- Short-term behavior of the Phillips curve
- Long-term behavior of the Phillips curve
1. The Phillips Curve Model: Inflation and Unemployment
Can we have low unemployment and low inflation at the same time? Some economists think the answer is no. In this lesson, we'll explore the relationship between inflation and unemployment in the short run, what economists call the Phillips Curve.
2. Factors That Shift the Phillips Curve
Inflation and unemployment are inversely related. In this lesson, discover the factors that lead to a shift in the Phillips Curve by looking at a fictitious economy as an example.
3. The Phillips Curve in the Short Run: Economic Behavior
Economists have ways to describe the changes in the economy. In this lesson, discover the short-term relationship between inflation and unemployment - what economists refer to as the Phillips Curve.
4. The Phillips Curve in the Long Run: Inflation Rate
How do unemployment and inflation affect each other? In this lesson, you'll discover why the Phillips curve is vertical in the long run with the help of some real world examples.
5. Standard of Living: Definition & Measurement
You've probably heard about the concept of standard of living and how it varies between different countries. In this lesson, you'll learn about what standard of living is and how it can be measured.
6. Transfer Payment: Definition & Examples
Governments make a substantial number of transfer payments every year. In this lesson, you'll learn about transfer payments, and you'll be given some examples.
7. Quality of Income Ratio: Definition, Formula & Analysis
In this lesson, we'll discuss the quality of income ratio. We'll explain the equation and calculate the quality of income for several companies. We'll end with a brief analysis on why certain companies may have high-quality or low-quality income.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the College Macroeconomics: Homework Help Resource course
- Homework Help for Scarcity, Choice & the Production Possibilities Curve
- Comparative Advantage, Specialization and Exchange: Homework Help
- Demand, Supply and Market Equilibrium: Homework Help
- Measuring the Economy: Homework Help
- Inflation Measurement and Adjustment: Homework Help
- Understanding Unemployment: Homework Help
- Aggregate Demand and Supply: Homework Help
- Macroeconomic Equilibrium: Homework Help
- Economic Growth and Productivity: Homework Help
- Money, Banking, and Financial Markets: Homework Help
- Central Bank and the Money Supply: Homework Help
- Fiscal and Monetary Policies: Homework Help
- Foreign Exchange and the Balance of Payments: Homework Help
- Inflows, Outflows, and Restrictions: Homework Help