An economic indicator that predicts or shows an upcoming contraction or expansion in the business cycle.

A decrease in the general price level of goods and services.

This type of unemployment is due to shifts in the business cycle affecting the whole economy.

The market value of all final goods and services produced in a country in a year.

Central bank of the United State; Controls US money supply

A period of economic decline.

A measurement used to determine inflation where the prices of 360 specific consumer goods and services are accounted throughout the month.

This unemployment is caused by changes in the workers’ circumstances.

It tracks spending by people outside the United States on U.S. produced goods and services (exports, X) minus spending by people in the United States on foreign goods and service (imports, M).

A document that has a monetary value & shows a legal agreement between two or more parties regarding a right to payment of money

An economic indicator that follows or trails changes in overall economic activity.

Inflation resulting from an increase in the cost of production.

Theoretically, this is when everyone who wants a job has one. Realistically, this tends to occur when there is low cyclical unemployment.

It tracks the spending by all levels of government on goods and services.

These organizations actually perform the intermediary functions of receiving deposits from households and businesses and loaning to other households and businesses.

A period of macroeconomic expansion followed by a period of contraction. This could be for a business, industry, or entire economy.

Inflation resulting from an increase in consumer demand.

This type of unemployment is
caused by a fundamental change in the economy creating a changed need for the skills of the current workforce.

An alternative measure to GDP that tracks of economic growth that focuses on economic well-being not monetary transactions.

The fees charged for using another's money or credit. It is expressed as a percentage rate over a period of time.

The period that occurs in the business cycle as the economy starts expanding again.

A sustained increase in the average prices of all goods and services in the economy.

Persons who have part-time jobs but want full-time jobs. These people are not included in the unemployment rate.

One of the categories of GDP. It tracks the spending by households on goods and services.

The market in an economy for the exchange of capital and credit, which helps businesses grow and investors make money.