business depression inflation unemployment miscallenious
100
What is business cycles
regular ups and downs of real GDP
100
What is recession
a perios during wich real GDP measured in constant prices
100
What is creeping inflation
inflation in the range of 1 to 3 percent a year
100
What is unemployment
when people are being let get but still nedd help with money
100
What is cyclical unemployment
unemployment directly to sings business cycle
200
What is Business fluatuations
the rise and fall of real GDP
200
What is a peak
the point where GDP stops going up
200
What is hyperinflation
inflation in the range of 500 percent a year
200
What is unemployment rate
the number of unemployed individuals
200
What ismisery index
when gdsp declines in a tenth of percent
300
What is a inflation
general level of prices rising
300
What is trough
The turn around point where GDP stops going down
300
What is stage inflation
a period of stagnant economic growth coupled with inflation
300
What is frictual unemployment
the situation where wrokers are between jobs for one reason or another
300
What is discomfort index
the sum of the monthly inflationand employment rates
400
What is deflation
a decline in the general level of price
400
What is Expansion
a period of recovery from a recession
400
What is demand- pull inflation
all sectors in the economy try to buy more doos and services than the economy can produce
400
What is structual unemployment
when economic progress, a chnage in consumer taste
400
What is a GDP gap
the difference between the acutal GDP
500
What is price index
a statistical serious used to measure changes in the level of prices
500
What is Trend line
when the economy would follow a steady growth path
500
What is cost-push inflation
explanation claims tha rising input costs.
500
What is seasonal unemployment
unemployed directly related to swings in the business cycle
500
What is base year
a year that serves as the basis of comparision for all other years






chapter 13 jepardy

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