business | depression | inflation | unemployment | miscallenious |
---|---|---|---|---|
What is business cycles
regular ups and downs of real GDP
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What is recession
a perios during wich real GDP measured in constant prices
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What is creeping inflation
inflation in the range of 1 to 3 percent a year
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What is unemployment
when people are being let get but still nedd help with money
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What is cyclical unemployment
unemployment directly to sings business cycle
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What is Business fluatuations
the rise and fall of real GDP
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What is a peak
the point where GDP stops going up
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What is hyperinflation
inflation in the range of 500 percent a year
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What is unemployment rate
the number of unemployed individuals
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What ismisery index
when gdsp declines in a tenth of percent
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What is a inflation
general level of prices rising
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What is trough
The turn around point where GDP stops going down
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What is stage inflation
a period of stagnant economic growth coupled with inflation
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What is frictual unemployment
the situation where wrokers are between jobs for one reason or another
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What is discomfort index
the sum of the monthly inflationand employment rates
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What is deflation
a decline in the general level of price
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What is Expansion
a period of recovery from a recession
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What is demand- pull inflation
all sectors in the economy try to buy more doos and services than the economy can produce
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What is structual unemployment
when economic progress, a chnage in consumer taste
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What is a GDP gap
the difference between the acutal GDP
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What is price index
a statistical serious used to measure changes in the level of prices
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What is Trend line
when the economy would follow a steady growth path
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What is cost-push inflation
explanation claims tha rising input costs.
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What is seasonal unemployment
unemployed directly related to swings in the business cycle
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What is base year
a year that serves as the basis of comparision for all other years
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