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Definition
| Unemployment that occurs when people take time to find a job |
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Definition
| occurs as a result of harvest schedules or vacations or when industries shut down for season |
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| When workers skills do not match the jobs that are available |
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Definition
| Rises during economic downturns & falls when the economy improves |
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Term
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Definition
| The percentage of nations labor force that is unemployed |
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Term
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Definition
| The level of employment reached when there is no cyclical unemployment |
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Definition
| Working at a job for which one is over qualified, or working part-time when full-time work is desired |
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Definition
| A general increase in prices |
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Definition
| A measurement that shows how the average price of standard group of goods changes over time |
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Term
| Consumer Price Index (CPI) |
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Definition
| A price index determined by measuring the price of a standard group of goods meant to represent the "market basket" of a typical urban consumer |
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Definition
| The income level below which income is insufficient to support a family or household |
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Definition
| Area where companies can locate free of certain local, state and federal taxes and restrictions |
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Term
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Definition
| A tax on the value of a company's profits |
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Term
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Definition
| A tax for which the percentage of income paid in taxes remains the same for all income levels |
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Term
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Definition
| A tax for which the percentage of income paid in taxes decreases as income increases |
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Term
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Definition
| Taking a tax payments out of an employee's before he or she receives it. |
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Term
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Definition
| Taxes that fund social security and medicare |
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Term
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Definition
| Old-Age, survivors, and Disability insurance (mandatory) |
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Term
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Definition
| A National health insurance program that helps pay for health |
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Term
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Definition
| A tax on the estate or total value of the money and property, of a person who died |
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Term
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Definition
| Spending on certain programs that is mandated, or required, by existing law |
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Term
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Definition
| Spending category about which gov. panners can make choices |
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Term
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Definition
| Social welfare program that people are "entitled to" if they meet certain requirements |
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