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Explain why when the economy goes into full gear, producing robustly, unemployment falls, but inflation tends to rise: (1) Answer: Explain why when the economy

Explain why when the economy goes into full gear, producing robustly, unemployment falls, but inflation tends to rise: (1)

Answer:

Explain why when the economy falls into a recession, or even slows down, producing less, unemployment tends to rise, and yet inflation eases: (1)

Answer:

What's the UR based on the table below? (1)

Answer:

Frictional Unemployment =

1.8%

Seasonal Unemployment =

.4%

Structural Unemployment =

1.6%

Cyclical Unemployment =

.1%

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