Unemployment Review

When a government spends more than it takes in through tax revenue, it runs a . . .

Stanley just graduated college and is deciding between jobs. What type of unemployment is this?

Jack runs a catamaran cruise ship on lake michigan. He is no longer needed in the winter months.

Sarah lost her job as a graphic designer because she didn't understand wordpress and image creator software systems.

Capital Gains tax (tax on the sale of stock or property) is an example of a ____ tax.

Each bank must keep a certain percentage of their deposits.  This is called the ____

When prices go down, we call this . . .

One cause of inflation is that producers add costs on to consumers. This is called . . .

Inflation may occur if interest rates are too low and borrow ramps up. This is called the ...

The ideal unemployment rate for an economy is . . .

What percentage of the Federal Budget is spent on National Defense?

Government provides medical benefits for all people ages 65 or older.  This is called . . .

When a government takes in more tax revenue than it spends, it runs a

GDP stands for ...

The Federal Reserve is divided into ___ different districts.

A tax where income goes up, percentage tax also goes up?

Who believed you need to lower taxes and raise spending to get a country out of recession?

Health payments for low income Americans.  This is called  . . .

How many governors sit on the Federal Reserve Board?

A gas tax is an example of a _____ tax.

Who appoints the Chairman of the Federal Reserve?

Who was Chairman of the Federal Reserve before Janet Yellen?

Which is NOT a role of the Federal Reserve?

One effect of inflation is that erodes _______

Which is NOT a trend in the changing workforce?

What is our current Debt?

This idea states that for every dollar government spends, 8 more dollars are created.

When an economy is running at its fullest, we say it has reached ____

What historic event brought the US out of the Great Depression?

Open Market Operations are the . . .

The best way to see if a country is borrowing too much is to compare the debt to the . . .

Robotics threatens to replace which type of worker

A healthy inflation rate is ...

Jeremiah lost his job as a welder because of the economic downturn. What type of unemployment is this?

Statistically, a recession consists of . . .

Government must spend this money. It is the law!

The rate at which banks loan money to each other is called _____

Most of our state tax dollars pay for ...

What is the current US unemployment rate?

Banks can borrow from the Federal Reserve. This rate is called ____

Who is the guy below?

This graphical idea states that you could lower taxes and actually take in more revenue.

If the unemployment rate drops too low, the result is . . .

By having a Debt, business owners need to compete for investment dollars, this is called

The unemployment rate defines a percentage of the workforce that is not working, but ...

What is the current Michigan Unemployment Rate

What is a healthy GDP rate?

When a labor union decides it will no longer work, it might go on _____

Roughly 23% of our federal budget pays for ____ which provides income to the elderly