Out of but

population
-

discouraged worker CF in

not for in the last 5 weeks

looking work

underemployment
-

skills → more skills than job requires (wasting skills)

↳ ech PHD
working at fast food
full time us .
Part time
↳
wanting full time but got part time
is
underemployment same as unemployed ?
unemployed means
already working but
not getting job u want . .
.

unemployed is

Not working but

looking
of
types unemployment :

-
seasonal : depending on seasons ( show removal)

structural ? skills ( replaced Froning)

by machines Need
-

-
frictional : in btw jobs ( graduates)
-

cyclical : economic downturns ) recessions CCOVID)

§ decrease level of frictional unemployment

S ↳ information ( becomes more available ,
frictional low)
e

ftp.f
↳ ex .
LinkedIn ,
Indeed
← full employment : no cyclical unemployment
E
s ↳ ALWAYS frictional a structural unemployment

continuous
inflation :
a rise in average level of
prices ,
measured in

price indexes
↳ tells about purchasing power (
Fondane)
↳ if real income slower in
grows
inflation than you lose purchasing
power
new -
old
- * 100
Old
 inflation is useful .
.
.

pereira
'
-
nominal interest rates =
real t inflation

unanticipated inflation

gainers tossers
-
debtors w/ Axed rates -

Savers ( consumers )
(
buyers) .
retirees w/ fixed
-
investors w/ variable rates income
-
owners of land .
investors in fixed
rate bonds

price indexes
① consumer price
GDP deflator
index ( CPI)
(NeoYaYa9Xue* )
too

⑦ r nominal GDP
¥GDp *
100 )
basket CPI vs GDP deflator
of ↳ CPI Includes imports
goods ↳ CPI doesnt include
gov .

Spending
↳ GDP includes Gov investment
.

spending &