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C719

Module 4

QuestionAnswer
A person without a job who is actively searching for one Unemployed
A person without a job who is NOT actively searching for one Out of the labor force
Short-term, typical type of unemployment Frictional
Unemployment due to a job disappearing Structural
Unemployment due to a bad economy Cyclical
Percentage of the labor force that is unemployed Unemployment rate
Part of the population working or looking for work Labor force
Group who benefits from inflation Borrowers
Group who is harmed by inflation Lenders
(# of Unemployed) / (Labor Force) x 100 Unemployment rate
CPI Consumer price index
The CPI measures the cost-of-living for a typical urban family of _____ Four
An economic downturn Recession
The ups-and-downs of the economy Business Cycle
Created by: chawk69
Popular Economics sets

 

 



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