Term
| At what percentage does inflation begin to hurt the economy |
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Definition
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Term
| One cause of this type of unemployment is due to weather conditions |
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Definition
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Term
| This household has the highest poverty rate in the U.S Why? List one reason |
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Definition
| Female headed household- one income |
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Term
| what is income distribution? |
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Definition
| how the nations total income is distributed amoug its population |
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Term
| This type of monetary policy could cause inflation. Explain why? |
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Definition
| Loose monetary policy-too much money printed |
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Term
| These 2 ethnic groups have the highest poverty rate in the U.S. |
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Definition
| African Americans, Hispanics |
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Term
| List/Explain 2 effects on inflation |
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Definition
| Purchasing Power-$ goes down/ Income-People on fixed income suffer |
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Term
| This type of unemployment occurs when the skills that workers have do not match the jobs that are available? |
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Definition
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Term
| Inflation is defined as... |
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Definition
| Increase in the price of products |
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Term
| what is the purpose of the Consumer Price index? |
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Definition
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Term
| This type of unemployment occurs when there is a serious downturn in the economy |
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Definition
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Term
| What is hyperinflation? List one example of hyperinflation in history |
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Definition
| Inflation that is out of control/ Germany after both World wars |
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Term
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Definition
| the unemployment rate is below 5% |
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Term
| What is the civilian labor force? |
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Definition
| the amount of people 16 years or older that are employed |
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Term
| List/explain 2 ways in which the government/federal reserve could attack inflation |
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Definition
| Tight monetary policy, increase discount rate |
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Term
| List examples of what constitutes actively seeking a job |
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Definition
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Term
| List/explain 2 causes of poverty |
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Definition
| Economoic shifts-last hired, 1st fired/ Shifts in family structure-Divorce |
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Term
| List/explain 2 ways in which the government tries to solve unemployment |
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Definition
| Full employment-no cyclical unemployment exists/ unemployment rate |
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Term
| how is the unemployment rate of a country determined? |
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Definition
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