GDP
Business Cycle
Econ Goals
Inflation
Unemployment
100
C
What is Consumer Spending
100
Unemployment is the highest
What is Trough
100
Hint---PPF shifts outward----
What is Economic Growth
100
Measures Inflation
What is CPI
100
Construction workers or Farmers
What is Seasonal
200
I
What is Business Spending
200
GDP, Inflation is rising
What is Expansion
200
Hint- Think Prices
What is Stable Prices
200
Type of Inflation where Demand exceeds supply
What is Demand Pull
200
Low Skills
What is Structural Unemployment
300
G
What is Government Spending
300
Unemployment is rising
What is Contraction
300
Eliminate Cyclical Unemployment
What is Full Employment
300
Sellers increase prices to pay for Higher Wages
What is Cost Push
300
Caused by fluctuations in the Business Cycle
What is Cyclical
400
X
What is Net Exports
400
Inflation is the Highest
What is the Peak
400
The Three Goals
What is stable Prices, Full Employment, and Economic Growth
400
rising prices, loss of purchasing power, dollar buys less
What is Inflation
400
Looking for a Better Job
What is Frictional
500
C + I + G + X
What is used to calculate GDP
500
Prices are the Lowest
What is Trough
500
Limitation to GDP
What is Quality of Life
500
3 types of Inflation
What is Quantity, Demand Pull, and Cost Push
500
What are the 4 Types of Unemployment
What is Seasonal, Frictional, Structural, and Cyclical
M
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