Unemployment
what is it called when you receive money from the government while unemployed?
what is Unemployment benefits/insurance
What does poverty mean?
Not having enough money for basic things.
What is NOT a cause for inflation?
A decrease in population
___% of Americans express cost of living being one of their biggest challenges
49%
what kind of unemployment occurs during certain parts of the year?
what is seasonal unemployment
What does “absolute poverty” mean?
Not enough for basic needs like food or shelter
What does CPI stand for?
Consumer price index
This occurs when individuals are willing to work but cannot find jobs, reducing household income and consumer spending.
Unemployment
when does cyclical unemployment take place?
what is during economic downturns and a lack of demand for a service
What is NOT a benefit of reducing poverty
Increasing social conflict
What does PCE stand for?
Personal Consumption Expenditures Price Index
SNAP is an example of what type of what program?
Food insecurity
what does it mean to have extremely low unemployment and price rises
what is an Overheating economy
What is NOT a type of poverty?
Social poverty
Why is inflation hard to lower?
Because it could cause economic problems.
People experiencing this may have limited access to food, safe housing, and healthcare
poverty
what is Michigans maximum payment over the maximum of 26 weeks.
what is $362
What is one way the economy is affected by poverty?
Environmental and cultural effects
What is the preferred way to measure inflation change?
PCE
Families who struggle financially as costs of living increase, what's this an example of?
Inflation