Chase Is a Recent College Graduate with a New Job

question 35

Multiple Choice

Chase is a recent college graduate with a new job as an engineering trainee for a large defense company.Now that he is making good wages,he hopes to start saving for his first house and also contribute toward the company retirement plan.As he looks over his monthly bills,Chase is concerned about ever getting ahead of the game.His food bill,car payment,and mounting gasoline payments keep him in the "just making ends meet" category.As his mind wonders back to the good ol' college days,he reflects on a time when gas and food seemed a lot more reasonable.Chase is experiencing the effects of:

• A)Inflation
• B)Conditions of low demand
• C)Involuntary CPI
• D)Cyclical unemployment

---

Definitions:

Vichy Regime

The government of unoccupied France after its capitulation to Nazi Germany in 1940, headquartered in the town of Vichy.

Executive Order 9066

The United States presidential order signed during World War II that authorized the internment of tens of thousands of American citizens of Japanese ancestry and resident aliens from Japan.

Ethiopia

A country located in the Horn of Africa, known for its ancient culture, archaeological sites, and being one of the oldest locations of human existence.

Nanjing

The capital city of Jiangsu Province in China, known historically for events such as the Nanjing Massacre during the Second Sino-Japanese War.