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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 |