Matching
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a. | Seasonal unemployment | f. | full
employment | b. | cyclical unemployment | g. | underemployed | c. | Structural
unemployment | h. | discouraged worker | d. | census | i. | Frictional
unemployment | e. | unemployment rate |
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1.
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working at a job for which one is overqualified, or working
part-time when fulltime work is desired
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2.
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aises during economic downturns and falls when the economy
improves
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3.
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an official count of the population
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4.
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occurs as a result of harvest schedules or vacations, or when industries
slow or shut down for a season
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5.
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a person who wants a job but has given up looking
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6.
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the percentage of the nation’s labor force that is
unemployed
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7.
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occurs when workers’ skills do not match the jobs that are
available
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8.
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occurs when people take time to find a job
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9.
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the level of employment reached when there is no cyclical
unemployment
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a. | inflation | h. | cost push
theory | b. | purchasing power | i. | demand-pull theory | c. | price index | j. | quantity theory | d. | inflation
rate | k. | consumer price
index (CPI) | e. | deflation | l. | wage-price spiral | f. | market basket | m. | fixed income | g. | core inflation
rate | n. | hyperinflation |
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10.
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a representative collection of goods and services
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11.
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inflation occurs when demend for goods and services exceeds existing
supplies
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12.
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a measurement that shows how the average price of a standard group of goods
changes over time
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13.
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inflation occurs when producers raise prices in order to meet increased
costs
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14.
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the percentage rate of change in price level over time
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15.
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theory that too much money in the economy causes inflation
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16.
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a general increase in prices
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17.
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the rate of inflation excluding the effects of food and energy
prices
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18.
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the process by which rising wages cause higher prices, and higher
prices cause higher wages
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19.
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the ability to purchase goods and services
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20.
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income that does not increase even when prices go up
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21.
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a sustained drop in the price level
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22.
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a price index determined by measuring the price of standard group of goods
meant to represent the “market basket” of a typical urban consumer
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23.
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inflation that is out of control
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a. | Lorenz Curve | e. | income distribution | b. | block
grant | f. | enterprise
zone | c. | poverty rate | g. | poverty threshold | d. | workfare | h. | food
stamps |
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24.
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the percentage of people who live in households with income below the
official poverty line
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25.
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area where companies can locate free of certain local, state, and federal
taxes and restrictions
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26.
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the curve that illustrates income distribution
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27.
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the income level below which income is insufficient to support a
family or household
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28.
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how the nation’s total income is distributed among its
population
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29.
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federal funds given to the states in lump sums
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30.
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government-issued coupons that recipients exchange for
food
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31.
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a program requiring work in exchange for temporary assistance
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