Define the different economic terms and present data on each of the economic variables in the module 3 discussion questions. In the following modules students will use the data and information found for this discussion to answer questions related to the business cycle and economic growth. Approach this as a group project, if someone has already posted on one of these variables, you should research the other variable and respond to your classmate's post. What is the inflation rate (Define and provide data)? How is inflation measured? Is inflation a worry, or are we in a period of stable prices? What is disinflation? What are the two leading causes of inflation? Where online do you find inflation rate data? What is the growth rate of GDP? How is GDP measured? How does real GDP differ from nominal GDP? Can you find predictions on the future growth rate? What is the unemployment rate (Define and provide data)? How is unemployment measured (who is and who isn't counted)? What is the current structure of the labor market? (Where are the jobs? What industries are the jobs in? What area of the country?) How does the current structure of the labor market affect the threat of cost-push inflation or deflation? What is the income distribution (Define and provide data)? How is it measured? How has this changed over recent history