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This animated video explores the labor force, the unemployment rate and other key labor market indicators.
This brief video defines inflation and the price level and explains the difference between inflation and cost-of-living price increases.
This video provides a basic overview of unemployment and how it’s measured. It also provides an understanding of the FOMC’s role in promoting maximum employment and price stability.
Have you ever heard someone say “Back in my day, a gallon of gas cost a quarter!” Comparing today’s prices with prices “back in the day” can be misleading. Both inflation and deflation between then and now have to be taken into account. Read the August 2013 Page One Economics Newsletter to learn more about the effects of inflation on prices.
¿Deseas aprender sobre la Reserva Federal? ¡No tengas miedo! En lenguaje sencillo describe la estructura y las funciones del Sistema de la Reserva Federal (Federal Reserve System) en un formato interactivo fácil de entender.
Want to learn about the Federal Reserve? Have no fear! In Plain English describes the structure and functions of the Federal Reserve System in an easy-to-understand interactive format.
They say that “money makes the world go round.” Just imagine a world without money as our method of payment for everyday transactions. Without money, we would all need to barter for necessary goods and services. For example, suppose an accountant needs to have her car fixed. Under a barter system, she would have to find someone who needed some tax advice in exchange for car repairs. The search to find a barter partner is time consuming and wasteful. Money solves this problem and many others. Read more about the three main functions of money and the damaging effects of too much inflation on these functions in the March 2013 Page One Economics Newsletter.
How do we know how many people are unemployed? Why are they unemployed? What can be done to get people back to work? Students get the answers to these and other questions in The Story of Unemployment, including why education might be the best way to avoid unemployment in their futures.
In this course, superhero Jack of All Trades and his sidekick Andy are confronted by a villain that threatens to disrupt society and rob the world of the certainty people have come to expect. And this dastardly villain is…Inflation. Jack and Andy time travel to the period known as The Great Inflation to discover the truth about inflation. With the help of Dr. Equilibrium, professor of economics, they learn that inflation is the result of too much money chasing too few goods and that the Federal Reserve System plays a key role in maintaining stable prices.
The Fed Explained animated videos offer content that explains the role of the Federal Reserve and the fundamentals of the economy.