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Measures change in prices Creates market basket
Of goods is consumer price index The target's one to three percent
Then there's producer price, measures the change in prices
Before product is sold Are the determinants of inflation
Then there's types of unemployment Frictional and seasonal, cyclical, structural,
technological Frictional's between jobs, tends to be one's
decision Seasonal varies with time of year
////unemployment////
Cyclical's during recession It lacks collective aggregate
Its the most serious for the government Structural, skills don't match the job you're
at Technological's when you're replaced by technology
//unemployment// is affected by these factors
Gross Domestic product's the value of all final goods and services produced in an economy
GDP per Capita measures standard living with GDP over the total ////population////
Gross national products is
the international value of all final good and services
Investments is business money spent on capital goods
Instrumental
What we learned in economics it's all thanks to Mrs. Watkins