1. The largest federal government transfer payment is________________.
2. The price system is based on the law of_________________.

1. When quantity supplied equals quantity demanded, ________________occurs.

1. Use the table below to answer these questions: In which years was the misery index (a) the highest? ______________(b) the lowest? ________________

Year	Unemployment rate %	Inflation rate %
1965	4.5	1.6
1966	3.8	2.9
1967	3.8	3.1
1968	3.6	4.2
1969	3.5	5.5
1970	4.9	5.7
1971	5.9	4.4
1972	5.6	3.2
1973	4.9	6.2
1974	5.6	11.0
1975	8.5	9.1

1. Given the following information, compute the unemployment rate: 9 million unemployed; 119 million employed. ________________