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Who has the Congressional mandate of helping create full employment: the FED. The labor force includes: both the employed and unemployed. Which of the following is NOT employed: 30 year old active military. The equation for calculating unemployment is: . Who gathers the data for the unemployment rate: US bureau of labor statistics. What type of unemployment: lost job to an automatic check out machine at Target: structural. What type of unemployment: Coronavirus shuts things down: cyclical. What type of unemployment: Mr Goldsmith quite Creighton Prep in May, but knows he is starting at Waverly in August: frictional. T or F: The more education, the more likely to be unemployed: False. A general rise in the prices of goods and services is called: inflation. T or F: Inflation erodes your purchasing power: true. When someone says, "I remember when gas was .50 cents" they are referring to what type of price: nominal. To calculate the inflation rate: . What index is used to measure inflation by the BLS: the consumer price index. Who is better off with inflation and who is worst off: borrowers. lenders