JEOPARDY!

JEOPARDY!

NominalSomeone who has given up looking for a job/this Muppet was the on-location reporter for Muppet newscasts.

Unemployment which is attributable to a decline in the economys total production National Income may be found by determining the sum of all types of spending. What are the variables in this sum? A number computed to measure inflation/He hosted MTVs Pimp My Ride

The sum of the incomes of all the individuals in the economy after taxes and transfer payments A number that has not been adjusted for inflationA period of time when domestic output declines Unemployment that is due to people being between jobs The minimum wage in 1994 was $4.25. The CPI in 1994 was 148.2. Compute the real minimum wage in 1994. Just showing your math is fine.

Brittany Spears won a Grammy Award for this single/type of unemployment resulting from not enough demand.

Sums of money that the government gives certain individuals as outright grants.A collection of goods and services from which prices are measured to compute inflationIt includes all working people plus all people over 16 who are actively looking for jobs. John has been replaced at work by a machine. John is the victim of what kind of unemployment? In May many new college graduates enter the workforce. What should happen to the unemployment rate every May ?A general rise in prices/He founded Napster and was an early Facebook investor and was portrayed by Justin Timberlake in The Social Network.

A good used for resale or for the use in producing another good (Hint: NOT counted in the GDP) Inflation tends to transfer value from __________ to _________A stay at home mom or a retired person would both be an example of this. An unemployed person who has given up looking for work Assume that the unemployment begins the summer at 8%. During July and August one hundred thousand people enter the workforce while only ninety two thousand jobs are created. What happens to the unemployment rate? DAILY DOUBLE!

The sum of the expenditures of business firms on new plant and equipments and households on new homes. (From the reading): The most commonly used price index is the CPI. Some economists prefer the ________ as it includes a far larger market basket than the CPI nearly all goods and services available in the economy. The likely effect of an increase in unemployment compensation. DAILY DOUBLE!

Assume that the current inflation rate is 3% when you take out a loan for which you must pay 7% interest. What is the real rate of interest? The dollar value of all final goods and services produced within a countrys borders in a year/He is the lead guitarist for The Who

The type of market in which households sell labor and other factors of production to businesses. This is calculated by pricing several hundred items in a market basket and is used to compare real price levels. This type of person often gains from inflation Shows the relationship between total consumption and total disposable income The ratio (shown as slope) of changes in consumption relative to changes in disposable income. The volume of goods and services that a given sum of money will buy.