econ comic - Holli Terrill

econ comic - Holli Terrill
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  • 4:45 pm Saturday December 16th 
  • Lucy, I have to run to the store to get some milk for the party. It starts at 6, so be ready when I get back.
  • Okay Mom, but be careful of the increaseing taxes due to the holiday.
  • Milk Per Gallon $8.99
  • Oh, how prices have gone up. I wonder what our inflation rate looks like.?
  • Your total is $10.95
  • Have you guys seen the increasing prices and taxes?
  • Yes, I have. This must mean that the Demand-pull inflation is happening due to the demand for these items around the holidays.
  • Yeah the natural rate of unemployment is the frictional unemployment plus the structural.
  • I only work 8 hours a week, so that means I am what you call underemployed.
  • I remember when I was about Lucy's age when we went through recession.
  • Yeah, did you know that cyclical unemployment is caused by the recession, as the demand falls so does the employment?
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