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UNEMPLOYMENT
ECONOMY
GOALS OF AN ECONOMY
POLICIES
MISCELLANEOUS
100
This type of unemployment is determined by the seasons.
What is Seasonal Unemployment
100
This economy allocates scarce resources based on responsibility.
What is Traditional Economy
100
This does not waste resources and uses them wisely.
What is Economic Efficiency
100
This is how the government spends money and imposes taxes.
What is Fiscal Policy
100
The less money you make, the higher tax portion you pay.
What is Regressive Tax
200
This type of unemployment is while you are looking for another job.
What is Frictional Unemployment
200
This economy has no government intervention. Supply, Demand, and Price systems help make decisions and allocate resources.
What is Market Economy
200
This allows Producers and Consumers to make their own economic decisions.
What is Economic Freedom
200
Actions by "The Fed" to expand or contract the money supply in the U.S. economy.
What is Monetary Policy
200
Business owned and ran by a household.
What is Sole Proprietorship
300
This type of unemployment changes the face of the workplace and the need for workers.
What is Structural Unemployment
300
This economy is controlled by a central authority that makes most major economic decisions.
What is Command Economy
300
Prices do not go up or down too much, or too often.
What is Price Stability
300
Higher requirements by "The Fed" to decrease the money flow in the economy.
What is Tight Money Policy
300
A reason to do something.
What is Incentive
400
This type of unemployment depends on the productivity of the business.
What is Cyclical Unemployment
400
This type of economy is a Free Enterprise System with little government intervention.
What is Mixed Economy
400
Protection from adverse events such as layoffs and illnesses.
What is Economic Security
400
Lower requirements set by "The Fed" to begin economic growth.
What is Easy Money Policy
400
Privately owned businesses have the freedom to operate with limited government intervention.
What is Free Enterprise System
500
The total opposite of unemployment. It also is an economic goal.
What is Full Employment
500
These 2 countries have a Command Economy
What is Cuba, and North Korea
500
Equal pay for equal work.
What is Economic Equity
500
Who is over Monetary Policy?
What is The Federal Reserve
500
This Federal Reserve Bank is the next closest bank on the east coast.
What is Richmond, Virginia