Title: Describe the causes and effects of unemployment, inflation, and reduced economic growth.
Course: Economics and Personal Finance (19262-36) > Section: Demonstrating Knowledge of a Nation's Economic Goals

Description should include

- investigating factors contributing to reduced economic growth
- defining inflation and its causes
- defining types of unemployment
  - structural
  - frictional
  - cyclical
  - seasonal
- explaining that when total demand is greater than the value of a nation's output of final goods and services, GDP rises, inflation occurs, and/or employment rises
- explaining that when desired expenditures for consumption, investment, government spending, and net exports are less than the nation's output of final goods and services, GDP decreases and inflation and/or employment decreases
- determining the impact of unemployment on individuals and nations.