Econ Chapter 13

3. working at a job which one is over qualified
5. a program requiring work in exchange for temporary assistance
7. Unemployment Taking time to find a job
9. unemployment rises during economic downturns and falls when the economy improves
10. theory theory that too much money in the economy causes inflation
12. Power ability to purchase goods and services
14. rate the percentage rate of change in price level over time
15. employment no cyclical unemployment
16. An official count of the population
17. Grant federal funds given to the states in lump sums

1. inflation that is out of control
2. basket a representative collection of goods and services
3. Rate percentage of the nations labor force that is unemployed
4. worker a person who gives up looking for a job
6. Unemployment Occurs when workers skills do not match the jobs available
8. Income income that does not increase even when prices go up
11. a sustained drop in the price level
13. Unemployment Result of harvest schedules or taking vacations
15. stamps government issued coupons that recipients exchange for food
16. Inflation Rat/ the rate of inflation excluding the effects of food and energy prices