UNEMPLOYMENT
What is a healthy level of unemployment
2-4 %
A job that you can learn in less than 30 days example a janitor
Low Skill - low wage
Are salaried employees eligible for overtime?
NO
The General increase of Price is called
INFLATION
The difference between what we import and export is called
NET EXPORTS
Ganae gets hired to work at the local Halloween Haunted House in December she loses her job. What is this called
Seasonal
This type of labor requires a certificate
Semi-skilled
What is Commission
A percentage of every sale
A general decrease in prices is called _____
deflation
WHAT DOES C+I+G+NX =
GDP
Name the 4 types of Unemployment
Frictional
Seasonal
Structural
Cyclical
TRUE OR FALSE
Labor Unions fight for better working conditions, wages and work with politicians that support their efforts
TRUE
This wage is not guaranteed and comes from customers
TIPS
When prices rise rapidly and the value of money drops quickly will its almost useless
HYPERINFLATION
CONSUMPTION
BUSINESS INVESTMENT
GOVERNMENT SPENDING
NET EXPORTS
The government makes cookies illegal so Crumble Cookie closes down and all the employees lose their job. They are experiencing what type of unemployment?
STRUCTURAL
John has a masters degree but takes a job as a dishwasher he is considered_______
UNDEREMPLOYED
A set amount of money paid to regardless of hours worked
Salary
This measure of inflation contains 300 of the most common bought items that are compared from year to year
CPI
Spending on equipment, intellectual property by businesses is called__________?
Business Investment
DOUBLE JEOPARDY
Early Labor movements often ended in _____
Violence
Frictional Unemployment is ________ Choice
Employee
OVERTIME
DOUBLE JEOPARDY
When the economy has a high level of inflation slow economy
STAGFLATION
If an economies GDP is high you can say the country is doing______
WELL