Unit 4 · Lesson 3 · Economics

THE PRICE
OF EVERYTHING

Inflation vs Unemployment — the see-saw with no clean fix

INFLATION UP UNEMPLOYMENT UP PHILLIPS CURVE
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Correct
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Wrong
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Streak
What Type of Unemployment?
Scenarios shuffle every load. Click a scenario, then click the correct column.
Selected: none — click a scenario first
Frictional ▼
Temporary — between jobs
Structural ▼
Permanent — skills mismatch
Cyclical ▼
Follows recession/recovery
Counted in the Unemployment Rate?
Workers shuffle every load. Click a worker, then click the correct column.
Selected: none — click a worker first
COUNTED ▼
Actively searching for work
NOT COUNTED ▼
Discouraged, underemployed, or informal
See-Saw + Phillips Curve
Move the slider. Watch the see-saw and graph change. Then complete the two checks and choose the takeaway.
Moving See-Saw
When one side rises, the other usually falls.
Inflation5.0%
Unemployment5.0%
Phillips Curve Interaction
UNEMPLOYMENT → INFLATION ↑ 5.0%, 5.0%
Move the unemployment rate
Low unemployment High unemployment
Inflation Pressure5.0%
Unemployment Rate5.0%

Check 1

Move the slider left until unemployment is low.

Not complete

Check 2

Move the slider right until unemployment is high.

Not complete

Takeaway

Pick the main idea.

Results Checkpoint
Complete the three core activities before moving to flashcards and the quiz.
Core Review Complete

You reviewed unemployment types, unemployment-rate blind spots, and the inflation-unemployment tradeoff.

Activity 1

Classify frictional, structural, and cyclical unemployment.

Activity 2

Identify who is counted in the official unemployment rate.

Activity 3

Use the see-saw and Phillips Curve to explain the tradeoff.

Correct: 0 · Wrong: 0

Final Test-Style Check

1. The CPI measures inflation by tracking what?

2. A worker replaced by automation is most likely experiencing what?

3. The Phillips Curve shows a trade-off between what?

Complete this final check to unlock review tools.
Key Terms
Cards shuffle every time. Click to flip.

[ CLICK CARD TO FLIP ]

Term
Definition
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Quick Quiz
5 questions in random order. Choices shuffle too.
YOUR SCORE
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