| A | B |
|---|
| unemployed | Able workers who couldn't find a job. |
| unemployment rate | Unemployed divided by total workers |
| frictional unemployment | People who are between jobs |
| structural unemployment | Out of work because of changes in demand. |
| cyclical unemployment | Out of work during a recession |
| seasonal unemployment | Out of work due to weather ch |
| technological unemployment | Out of work due to automation |
| automation | Machines replace workers |
| inflation | A general rise in prices |
| deflation | A general lowering of prices |
| creeping inflation | Slow inflation/2 or 3 % |
| galloping inflation | High inflation/100% to 300% |
| hyperenflation | Out of control inflation/500% |
| demand-pull inflation | High demand causes higher prices |
| government deficit inflation | The government debt causes higher prices. |
| cost-push inflation | Production costs go up & cause higher prices |
| wage-price spiral | Wages & prices push each other higher |
| excessive monetary growth | Big money supply causes inflation |
