Explain the difference between cyclical, frictional, and
structural unemployment and how they relate to the natural rate of
unemployment.
Our current inflation rate in the United States is 1.8%.
Explain as clearly as possible what that number means, how it is
calculated, and how it compares to our goal for inflation.
Explain why economists use models and what the AD/AS model
helps us understand.
How are the Keynesian and neoclassical perspectives on the
economy different, and how is it possible...