AB 204 Week 5 Discussion 1

AB 204 Week 5 Discussion 1 | Assignment Help | Kaplan University 

Unit 5 Discussion Topic 1

 Effects of Unemployment and Inflation

The Discussion topics focus on how to measure the cost of living and rate of unemployment in the economy, and specific discussion areas include the various forms of unemployment and how they are measured, debates on measuring unemployment rate, and the imperfections of the official unemployment rate. Moreover, the consumer price index (CPI), the rate of inflation, and their impacts on the cost of living will be discussed.

Read Chapters 11 and 15, and remember to include references and links to the websites that are important contributors to your posts (comments).

There are various forms of unemployment. There are also ongoing debates on the effectiveness of measuring the rate of unemployment and its policy implications.

a.    What are the different types of unemployment and how are they related to the condition of the economy during a given period? Is it possible for the number of employed workers to increase while the unemployment rate rises? Explain

b.    Does an Increase in the Minimum Wage Rate result in a Higher Unemployment Rate? What is your opinion on the relationship between unemployment benefits and labor market participation of the unemployed people?