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Prompt 1: Explores the unemployment rate, and we can see that it is the unemployed divided by the labor force. Remember that the labor force includes only employed and unemployed workers. For this discussion, your task is to:
Describe, in your own words, what the unemployment rate is telling us.
Explain what the unemployment rate does not tell us regarding the economy, or the health of the economy.
What might we miss if we try to judge the economy based only on the unemployment rate?
Prompt 2: Explores the confusion that we can see from inflation. These confusions include those we see in the text as well as those we see in discussions in the public arena. For this discussion, your task is to:
Identify some confusion about inflation (within or outside the text) that you have seen come up.
Explain the source of that confusion and the misconceptions that come about from it.