ECON 2315 Lecture Notes - Lecture 1: Interest Rate
10 Jan 2017
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Unemployment rate actively seeking work the unemployed are a burden on society and failing to maintain sol: we figure out the unemp rate with sample surveys, unemployment rate diff degrees of being unemployed. U6 not employed enough (part time), discouraged, plus u3. Outside labor force: (not willing to work) Prisoners: we want to use seasonally adjusted data because there are seasonal patterns. How about the rate of prices: most concerned about consumer prices. Cpi traditional way of measuring prices take a basket of goods and follow the prices of those goods over time to see if prices have gone up or down. But, electronics prices are falling macs and flat screens (exception: smartphones) Food and energy sometimes need to be excluded because they change so much and we spend so much money on them. Core inflation takes out food and energy sectors. Income: workers care about their personal incomes, we also care about corporate profits.
