1. What is the nature of the workforce and what are the different types of unemployment?
2. What is meant by the natural rate of unemployment and its relation to full employment?
3. What is the relationship between the consumer price index and the inflation rate?
4. What do you understand by expected inflation, inflation by an increase in aggregate demand or inflation by a decrease in aggregate supply?
5. What is the typical relationship between the behavior of inflation and unemployment?
6. What is stagflation?
7. How would both issues behave in a country with a situation of a pandemic and an atmospheric phenomenon?