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Unemployment, Money, and Inflation: Key Concepts in Macroeconomics

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Labor Force and Unemployment

Types of Unemployment

Unemployment: Minimum Wage Laws and Efficiency Wages

The Functions of Money; The Kinds of Money

Defining the Money Supply: M1 and M2

Introduction to the Federal Reserve

Required Reserves and the Deposit Multiplier

Quantity Theory of Money

Nominal Interest, Real Interest, and the Fisher Equation

Costs of Inflation: Shoe-leather Costs and Menu Costs