Econ-Economic Instability

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Can you name the Economic terms??

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QuestionTerm
turnaround point where real GDP stops going down
After GDP bottoms out, the economy moves into a period of _____, which is the second phase of the business cycle.
decrease in the general price level
The income gap has ____ since the 1980s.
point where real GDP stops going up
If inflation reaches 100 to 300 percent, the economy is in a state of _______ inflation
annual dollar amounts used to determine whether people are living in poverty
According to the _____________ theory, inflation is caused by businesses, government, and consumers with excessive demand.
The business cycle since World War II has been characterized by extended _________.
One cause of the business cycle is _____ _____, companies may adjust their investments in capital goods.
unemployment resulting from changes in the weather or changes in the demand for certain products
can provide cash to low-income workers
A _____ is the lowest point where a recession ends and expansion begins.
One cause of the business cycle is _____ and _____, when a new product or a new way of performing a task is developed and competitors invest heavily to catch up.
On the Lorenz curve, perfect equality of income is represented by a ______ line.
Changes in consumer technology and changes in consumer tastes can cause what type of unemployment?
This marked the beginning of the Great Depression in 1929.
The broad term for economic and social programs that provide regular assistance to people in need is ____.
One cause of the Great Depression was easy and plentiful ____.
period during which real GDP declines for 2 quarters in a row or 6 consecutive months
inflation in the range of 500 percent a year and above
One cause of the Great Depression was disparity in the _____ of income.
The government issues ____ ____ to ensure that people living in poverty receive enough food to eat.
Although _______ is very rare, prices of goods did decrease during the Great Depression.
If the economy reaches a state in which large numbers of people are out of work, there are shortages of consumer products, and manufacturing plants sit idle, it is clear that the e
QuestionTerm
inflation in the range of 1 to 3 percent per year
Economists calculate the inflation rate by dividing the _____ in price level by the beginning price level and multiplying by 100.
A shift in employment from the manufacturing to the ______ industry is one reason for the growing income gap.
One cause of the Great Depression was high American tariffs on ______, which kept many countries from selling goods to the US.
Ideally, the _____ ____ will remain under 4.5 percent, which indicates nearly full employment
Many cities establish ______ ____ to encourage businesses to locate in poorer sections of the region so that jobs will become available to the working poor.
The business cycle since World War II has been characterized by brief _______.
One cause of the business cycle is _______ factors, the result of credit and loan policies of the Federal Reserve.
A decline in _____ is one reason for the growing income gap.
One cause of the Great Depression was economic conditions in other parts of the _____.
monthly statistical series that anticipates changes in real GDP
When the GDP declines for six months in a row, economists know the economy is in a _____.
caused by a fundamental change in the operations of the economy
location where companies are free of certain local, state, and federal tax laws
A shift from married-couple families to _______ families is one reason for the growing income gap.
During the late 1990s, the US experienced _____ inflation, at a rate of about 3 percent per year.
state of the economy characterized by high unemployment, acute shortages, and excess production capacity
proposed type of tax that would make cash payments to certain groups who live below the poverty line
This type of unemployment occurs when machines replace the work of people.
systematic ups and downs of the real GDP
Unemployment that is directly related to swings in the business cycle is _____.
percent of people out of work divided by the total number of people in the civilian labor force.
intense form of inflation that can go as high as 100 to 300 percent
The _____ _____ is used to demonstrate the degree of income inequality.
One cause of the business cycle is _____ _____, inventories are reduced at the first sign of a decline in the market.

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Created Nov 14, 2011ReportNominate
Tags:economic, term