An Employer with 40 Full-Time Employees and 15 Part-Time Employees

question 42

True/False

An employer with 40 full-time employees and 15 part-time employees (who only work 20 hours per week) is not classed as a large employer under the Act.

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Definitions:

Inflation

The level of acceleration in the universal pricing for goods and services, diminishing the power of the dollar.

Inflation Expectations

The rate at which individuals expect the general price level of goods and services to change over a period of time.

Short-run Phillips Curve

A representation in economics that shows an inverse relationship between the rate of unemployment and the rate of inflation in the short-term.

Unemployment

The condition wherein people who are able and willing to work and are actively looking for work cannot secure a job.