Teacher's Notes

Theme:
Unemployment is a chronic problem in modern economies, and tends to drive wages down.

Sub-theme:
Many economists believe that unemployment cannot be eliminated without creating excessive inflation.

Concepts:

• full employment
• potential output
• labor force
• labor statistics

Performance objectives -- this lesson focuses especially on skills involved in interpreting economic statistics. It encourages students to look analytically at economic reports and evaluate them in terms of underlying political agendas.

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