Chapter Six: Module Intro -- Unemployment

Welcome to this chapter on unemployment. In addition to inflation, unemployment is a nasty side-effect of business cycles. While inflation tends to rise during economic booms, unemployment rises when the economy's level of output slows. How is unemployment measured? Are people considered unemployed even if they cannot collect unemployment insurance?

Read through the lecture notes, then take the on-line quiz to test your knowledge. Finally read through the module summary to review what you have learned.


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