Ch 70: Unemployment, Inflation & Deflation

About This Chapter

Make sure you're ready to take an important exam or make progress in class by reviewing this chapter on inflation, unemployment and deflation. These subjects are laid out in a series of video lessons that you can access at any time.

Unemployment, Inflation & Deflation - Chapter Summary

Study deflation, inflation and unemployment at your convenience with this helpful chapter. Our easily navigable videos detail topics such as the three types of unemployment, the inflation rate and the unemployment rate. Once you complete this chapter, you should be ready to:

  • Outline the causes and effects of unemployment
  • Discuss cyclical, structural and frictional unemployment
  • Measure and define the unemployment rate
  • Detail the different kinds of inflation
  • Provide a definition of and the formula for the inflation rate
  • Explain the causes and effects of deflation

In this chapter, we've provided the resources you need to prepare for a test or finish your homework with ease. Each video is less than ten minutes in length. You're not alone if you struggle through any of the lessons, as experts are available to answer your questions through the Dashboard.

6 Lessons in Chapter 70: Unemployment, Inflation & Deflation
Test your knowledge with a 30-question chapter practice test
What is Unemployment? - Definition, Causes & Effects

1. What is Unemployment? - Definition, Causes & Effects

What is unemployment? If you are currently out of work, you certainly know what this is. But the government has a specific way of looking at unemployment, and you might actually not be considered unemployed by its definition! Read on to learn why.

Three Types of Unemployment: Cyclical, Frictional & Structural

2. Three Types of Unemployment: Cyclical, Frictional & Structural

If you've ever lost your job after the holiday season, you've experienced at least one type of unemployment. In this lesson, explore the three types of unemployment including cyclical, frictional, and structural using real-world examples.

Defining and Measuring the Unemployment Rate

3. Defining and Measuring the Unemployment Rate

You've probably heard about the unemployment rate, especially given how high it was in the 2008 recession. Find out how economists define unemployment, what the unemployment rate is, and how to calculate it in this lesson.

Inflation: Definition, Types, Causes & Effects

4. Inflation: Definition, Types, Causes & Effects

In this lesson we will take a look at inflation and its importance. We will discuss the types and causes of inflation, as well as look at the effects of inflation.

What Is Inflation Rate? - Definition & Formula

5. What Is Inflation Rate? - Definition & Formula

Have you ever heard about inflation on the news? Ever wonder how inflation is calculated? In this lesson, you'll learn what the inflation rate is and how to calculate it. You'll also have a chance to take a short quiz.

What is Deflation? - Definition, Causes & Effects

6. What is Deflation? - Definition, Causes & Effects

You may not realize it, but prices sometimes go down, and that's not always a good thing. In this lesson, you'll learn what deflation is, its causes, and its effects. A short quiz follows the lesson.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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