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C719
Module 4
Question | Answer |
---|---|
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 |