1. Chapter 13 Review
Economic Instability

2. Concepts Types of unemployment Identify Define Examples Measuring
Sources of
What is meant by being ‘underemployed’?

3. Sources of Unemployment
Pg. 377

4. Concepts PPI LEI’s Reading tables/Comparisons What do they measure?
What do they tell us?

5. Index of Leading Economic Indicators
Pg. 358

6. Concepts Inflation Implicit GDP price deflator Misery index Measuring
Identifying types
Consequences of
Implicit GDP price deflator
Misery index
Defining/Examples

7. Measuring Prices and Inflation
Pg. 363

8. Types of Inflation and Their Consequences
Pg. 377

9. Concepts Business cycles CPI Identifying Characteristics Causes of
Reading tables
Comparisons

10. Phases of the Business Cycle
Pg 354

11. Constructing the CPI
Pg. 362

12. Essays
Identify, describe and give examples of the causes the Great Depression.

13. Essays
Describe what is meant by the “base year”. Be able to determine if the base market basket cost increased, decreased, or stayed constant between the Base Period and the Third Period? Identify and describe the reason for this change?

14. Essays
Be able to identify and describe the four causes of the business cycle. Are business cycles a cause or effect of changes in the economy? How do you know?

15. Essays
Identify and describe the four causes of inflation. Be able to give and explain examples of this.

16. Homework Review Questions
Page 378 – 379
21, 29, 30, 34, 36