Econ Review--Money, Inflation, and Unemployment

A method used by the government to measure the price changes of consumer goods over time:

A general increase in prices:

Which is NOT one of the 3 uses of money?

Type of Money: Money has value because a government has declared that it has value:

If someone falls below this income level, they have insufficient income to support themselves:

Unemployment that occurs as a result of harvest schedules, or when an industry slows down

A legal entity owned by individual stockholders:

You can use money as a "middle man" to trade goods and services. This is its use as a...

Each year, about ____ percent of U.S. income is earned by the lowest quintile.

Unemployment that occurs because of economic downturns

A person who was searching for a job, but has given up looking:

A tax on the sale of stock or other investments:

The ability (of money) to purchase goods and services:

Unemployment that occurs when people are searching for their next job:

The percentage of people living in poverty is expressed using the:

Each year, about _____ percent of U.S. income is earned by the highest quintile.

You can use money to compare the value of goods and services. This is money's use as a

I can carry my money around, thank goodness! That's because it is

Unemployment that occurs when the skills a worker possesses are not in demand by employers

A dollar will generally keep the same value over time. This is an example of money’s use as a

When the population is divided into 5 equal groups, each group is called a:

To understand the effects of inflation, one must look at the relationship between:

Which of the following is NOT a situation that causes inflation?

A collection of 30 major companies that gives an idea of how the stock market is performing:

Each dollar I have has the same value! NEAT! That means my dollars are:

I just did laundry and I left $50 in my pocket! Good thing money is: