Key Terms

Question

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

Employed

Unemployed

Labor force

Labor force participation rate

Unemployment rate

Discouraged workers

Marginally attached workers

Underemployed

Jobless recovery

Job search

Frictional unemployment

Structural unemployment

Efficiency wages

Natural rate of unemployment

Cyclical unemployment

Real wage

Real income

Inflation rate

Shoe-leather costs

Menu costs

Unit-of-account costs

Nominal interest rate

Real interest rate

Deflation

Disinflation

Aggregate price level

Market basket

Price index

Consumer price index (CPI)

Producer price index (PPI)

GDP deflator