chapter 13

4. distribution: how the nation total income is distributed among it is population
6. ability to purchase goods and services
8. an official count of the population
10. rate: the percentage rate of changes in price level over time
12. income that does not increase even when prices go up
15. theory that inflations occurs when demand for goods and service exceeds existing supplies
17. curve: the curve that illustrated income distribution
19. workers: a person who want a job but has given up looking
22. a program requiring work in exchange for temporary assistance
23. index: measurement that shows how the average price of a standard group of goods changes over time

1. stamps: government issued coupons that recipients exchange for food
2. a general increase in prices
3. sustained drops in the prices level
5. theory that inflation occurs when produces raise prices in order to meet increased costs
7. inflation that is out of control
9. working at a job for which one is over qualified or working part time when full-time work is desired
11. spiral: the process by which rising wages cause higher prices and higher prices causer wages
13. rate: the percentage of the nation's labor force that is unemployed
14. theory: theory that too much money in the economy causes inflation
16. prices index: (CPI): price index determined by measuring the prices of a standard group of goods meant to represent the market basket of typical urban consumer
18. basket: a representative collection of goods and services
20. inflation rate: the rate of inflation excluding the effects of food energy prices
21. rate: the percentage of people who live in household with income below the official poverty lines