Inflation can cause a misallocation of resources because
101) With the aid of a diagram, describe the complete business cycle in the short-run and long-run.
102) The adult population is divided into what three groups? How is it determined whether someone is in the labour force or not?
103) What are the three unemployment categories used by the Statistics Canada to determine whether an individual is unemployed or not?
2. Laid off from a job within the previous 26 weeks and waiting for recall.
3. Waiting to begin a new job within the next four weeks.
104) What are discouraged workers and how do they affect labour force participation and unemployment rates?
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