Chapter 6:

BUSINESS CYCLE – Assignments


Assignments for Macroeconomics Chapter 6

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.



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