Question: People who are underemployed

Answer: work part time or at jobs that are below their skill level.

Question: The Temporary Assistance for Needy Families (TANF) program

Answer: provides work in exchange for temporary assistance.

Question: The effects of inflation can be seen mainly in all of the following EXCEPT

Answer: population.

Question: Typically, when unemployment falls to very low levels,

Answer: inflation increases.

Question: Poverty rates are

Answer: higher for African Americans and Latinos than for whites.

Question: All of the following are examples of frictional unemployment EXCEPT a person

Answer: who doesn’t have the skills to match the jobs available.

Question: Inflation reduces people’s purchasing power because

Answer: the same amount of money buys fewer goods and services.

Question: An enterprise zone is a(n)

Answer: area of high unemployment where the government encourages companies to locate by providing tax breaks.

Question: Which of the following applies to discouraged workers?

Answer: They are not included in the unemployment rate.

Question: What theory claims that too much money in the economy causes inflation?

Answer: quantity