1.
Unemployment that occurs when people take time to find a job.
2.
Unemployment that occurs as a result of harvest schedules or vacations, or when industries slow or shut down for a season.
3.
Unemployment that occurs when workers’ skills do not match the jobs that are available
4.
Unemployment that rises during economic downturns and falls when the economy improves.
5.
Employment The level of employment reached when there is no cyclical unemployment.
6.
Working at a job for which one is over qualified, or working part-time when full-time work is desired.
7.
Index A measurement that shows how the average price of a standard group of goods changes over time.
8.
Basket A representative collection of goods and services.
9.
Rate The percentage rate of change in price level over time.
10.
Inflation that is out of control.
11.
Theory Theory that too much money in the economy causes inflation.
12.
Theory Theory that inflation occurs when demand for goods and services exceed existing supplies.
13.
Theory Theory that inflation occurs when producers raise prices in order to meet increased costs.
14.
Income Income that does not increase even when prices go up.
15.
Threshold The income level below which income is insufficient to support a family or household.
16.
Rate The percentage of people who live in households with income below the official poverty line.
17.
Distribution How the nation’s total income is distributed among its population.
18.
Zone Area where companies can locate free of certain local, state, and federal taxes and restrictions.
19.
Grant Federal funds given to the states in lump sums.
20.
A program requiring work in exchange for temporary assistance.
