People in the Inner Cities May Be at a Disadvantage

question 34

Multiple Choice

People in the inner cities may be at a disadvantage when finding a job in other parts of the city and its suburbs because:

• A) It may be difficult to get to job sites due to a lack of public transportation services.
• B) Work outside the city is unappealing to them.
• C) They do not get along with people outside the city.
• D) Suburban jobs usually require higher levels of skill.

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Definitions:

Price Level

A measure of the average prices of goods and services in an economy, indicating the purchasing power of money and the cost of living.

Aggregate Demand-Aggregate Supply Diagram

A graphical representation used in macroeconomics to illustrate the relationship between total demand and total supply in an economy.

Full Employment

An economic situation in which all available labor resources are being used in the most efficient way possible, essentially meaning that unemployment is at the lowest possible level without causing inflation.

Aggregate Supply Curve

A graphical representation that shows the total amount of goods and services that producers in an economy are willing and able to supply at different price levels over a period.