4.Define and explain the four types of unemployment and what should be done about them.

5.Explain why demand drives supply. How does this show the importance of the individual consumer? Explain. Think about the case studies on shark fin soup and elephant ivory.

6.Describe Demand-Pull inflation and illustrate it with the Phillips Curve. If policy makers try to increase inflation in the hopes of decreasing unemployment what will happen? Illustrate graphically.

7.Calculate the yield for a government bond with a face value of $1000 that sold for $980.

8.Show graphically the impact of a lower interest rate on investment demand.

9.Graphically illustrate the effect of positive demand expectations on investment.

10.Define the Study of economics and the "Economic Problem."