Macroeconomics

© John Petroff

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Assignment #1: Outline what business cycles are, what causes them and what
major problems may occur.

Assignment #2: What is unemployment? How is it measured? Is a 0% unemployment
rate possible? Why?

Assignment #3: What are the 3 types of unemployment identified by economists?
Which need serious attention? and which not as much? Explain.

Assignment #4:  Outline the economic as well as the noneconomic consequences
of unemployment.

Assignment #5: What is inflation? What are the 2 different causes which are
usually discernable.

Assignment #6: How does inflation redistribute income in our society?.

Assignment #7: Explain how the output of a nation can be affected by inflation,
especially when inflation is very high.