Chapter 13 Vocabulary Worksheet
1. Underemployment
2. Inflation
3. Demand Pull Theory
4. Poverty Threshold
5. Full Employment
6. Structural Unemployment
7. Market Basket
8. Lorenz Curve
A. The curve that illustrates income distribution.
B. A representative collection of goods and services.
C. Unemployment that occurs when workers’ skills do not match the jobs that are available.
D. A general increase in prices.
E. Working at a job for which one is overqualified, or working part time when full time work is desired.
F. The level of employment reached when there is no cyclical unemployment.
G. The income level below which income is insufficient to support a family or household.
H. Theory that inflation occurs when demand for goods and services exceeds existing supplies.
1. Underemployment
2. Inflation
3. Demand Pull Theory
4. Poverty Threshold
5. Full Employment
6. Structural Unemployment
7. Market Basket
8. Lorenz Curve
A. The curve that illustrates income distribution.
B. A representative collection of goods and services.
C. Unemployment that occurs when workers’ skills do not match the jobs that are available.
D. A general increase in prices.
E. Working at a job for which one is overqualified, or working part time when full time work is desired.
F. The level of employment reached when there is no cyclical unemployment.
G. The income level below which income is insufficient to support a family or household.
H. Theory that inflation occurs when demand for goods and services exceeds existing supplies.