________ is the negative inflation or falling prices of goods and services.
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CPI
The ________ measures the costs of a typical basket of goods for consumers which includes goods produced in prior years, as well as imported goods.
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Adults
________ have substantially lower unemployment rates than teenagers.
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Structural unemployment
________** occurs when the economy evolves.
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Real Nominal Principle
________:**** What matters to people is the real value of money or income- its purchasing power- not the face value of money or income.
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Frictional unemployment
________** is the unemployment that occurs naturally during the normal working of an economy.
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CPI
The ________ measures changes in prices of a fixed basket of goods- a collection of items chosen to represent the purchasing pattern of a typical consumer.
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CPI
If the ________ overstates increases in the cost of living, the government and employers might be overpaying Social Security recipients and workers for changes in the cost of living.
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