Ch 9: Inflation and Unemployment

Inflation and Unemployment

Unemployment is an unfortunate reality for many people these days, and there are a lot of different ways to solve that problem. In addition to hearing about unemployment, you've probably also heard some talk about inflation. But how deeply do you understand these two hot topics on a conceptual level? By watching these video lessons on inflation and unemployment taught by knowledgeable instructors, you can gain some insight into what causes widespread unemployment.

If you've been paying attention to the news lately, it will come as no surprise to hear that there are a lot of factors in play when it comes to the economy. These lessons focus on concepts like the Phillips curve model, a system that describes the relationship between inflation and unemployment.

After introducing the Phillips curve, these inflation and unemployment lessons will go further in-depth to help you understand the factors in play that will help shift the curve. Additionally, you'll learn about the short- and long-term behavior of the Phillips curve, and see how unemployment and inflation relate to each other over a given period of time. You'll also see that inflation is not always predictable, and though some inflation is expected, other inflation comes about as a surprise.

As you progress through this chapter, you can check how well you're absorbing the presented information through our short, multiple-choice quizzes.