2.1 What is Strict and Standard definitions of unemployment?

2.2 Explain with examples the types of unemployment.

2.3 Using a Philips curve Explain the trade-off often incurred when you decrease unemployment.

2.4 Using a Philips Curve and Explain The concept of Stagflation.

2.5 Explain how unemployment is measured and why using a Percentage of populations without work would be misleading.