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UNEMPLOYMENT
Frictional Unemployment
Unemployment due to movement between jobs in a dynamic economy. Normally regarded
as relatively short term and less problematic than other types.

Structural Unemployment
Caused by structural change in the economy such as the decline of an industry or
technological change. Can be long term.

Regional Unemployment…

Page 2

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INFLATION
Inflation is a sustained increase in the average price level of a country. It can also be
seen as a fall in the value of money. This is known as Deflation.
CAUSES

Demand Pull Inflation-when there is too much demand for a lot less goods, so
firms can raise…

Comments

davidsalter

This is a 2 page summary of the causes, consequences and measures of unemployment. More detailed study will be required on the measures of unemployment but a good start point.

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