Economic Definitions

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Can you name the Economic Definitions?

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DefinitionsAnswer
period during which real GDP delcines for at least 2 quarters in a row
Point where real GDP stops going up
Turnaround point where real Gdp stops going down
Period of recovery from a recession
the economy follows a steady growth path
state of the economy with large numbers out of work, shortage
increase in the general level of prices of goods and services
decrease in the general level of prices for goods and services
statistical series used to measure changes in the level of prices over time
period of stagnent economic growth coupled with inflation
DefinitionsAnswer
person or institution to whome money is owed
person who borrows and therefore owes money
population of people aged 16 and over either working or looking for a job
available and having made an effort to find a job
percentage of people in the civilian labor force who are classified as unemployed
hiring outside firms to perform non-core operations to lower operating costs
Unemployment that is always present in the economy, resulting from temporary transitions made by workers and employers or from workers and employers having inconsistent or incomple
Unemployment resulting from changes in the basic composition of the economy
Unemployment resulting from changes in the business cycle
Periodic unemployment created by seasonal variations in particular industries, especially industries such as construction that are affected by the weather

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Created May 21, 2010ReportNominate
Tags:definition, economic