Bob Lost His Job

question 67

Multiple Choice

Bob lost his job. Based on national trends, what is Bob at risk for beyond living in poverty?

• A) Increased problems within his family of procreation
• B) Alcoholism
• C) Loss of self-worth
• D) All answers are correct

---

Definitions:

Deflation

A decrease in the general price level of goods and services in an economy over a period of time.

Cyclical Unemployment Rate

The component of overall unemployment that corresponds to the cyclical conditions of an economy, fluctuating with the business cycle.

Overall Unemployment Rate

The scope of unemployment in the labor force, focusing on those actively seeking employment.

Disinflation

A reduction in inflation rates, signaling a deceleration in the pace at which the prices of goods and services rise.