Honors Econ: Unemployment, Inflation, Poverty

Front

Jeff was replaced by a computer. He is experiencing what type of unemployment?

Back

Structural

Front

Unemployment caused when a man resigns from his job to start looking for a higher paying job.

Back

Frictional

Front

government economic and social programs that provide assistance to the needy.

Back

Welfare

Front

a program that requires welfare recipients to some kind of work in return for their benefits

Back

Workfare

Front

Summer, outdoor, lifeguards in September

Back

seasonal unemployment

Front

temporary unemployment experienced by people changing jobs

Back

frictional unemployment

Front

unemployment caused by a part of the business cycle with decreased economic activity.

Back

cyclical unemployment

Front

When inflation is high the _______________ of the dollar decreases

Back

purchasing power

Front

An index that measures the prices of a market basket of goods that typical consumers purchase.

Back

Consumer Price Index

Front

Demand-Pull inflation can be described as too many _________ chasing too few __________

Back

dollars, goods