Business Cycles
Inflation and Deflation
Types of Unemployment
Vocabulary
TV Shows I Grew Up With
100
Period in which real GDP declines for 6 months in a row.
What is a recession?
100
Inflation in excess of 500 percent per year
What is Hyperinflation?
100
Workers being between jobs
What is frictional unemployment?
100
Point where GDP stops going up
What is a peak?
100
This comic strip feline had his own cartoon, in which he talked without ever moving his lips.
Who is Garfield?
200
Growth path the economy would follow if it were not interrupted by alternating periods of recession and recovery.
What is a trend line?
200
Year that serves as a point of comparison for other years in a price index.
What is a base year?
200
Unemployment caused by a fundamental change in the operations of the economy
What is structural unemployment?
200
Period of stagnant economic growth coupled with inflation
What is stagflation?
200
This Disney afternoon cartoon featured several pint-sized rodents fighting crime and solving mysteries
What is Rescue Ranges?
300
Turnaround point where GDP stops going down
What is a trough?
300
Inflation in the range of 1 to 3 percent per year
What is creeping inflation?
300
Unemployment caused when machines replace people
What is technological unemployment?
300
Unofficial statistic that is the sum of monthly inflation and unemployment rates
What is the misery index?
300
This cartoon featured the title character along with his best friend, Skeeter
What is Doug?
400
The business cycle since World War II has been characterized by this.
What are extended expansions alternating with brief recessions?
400
According to the demand-pull theory, inflation is caused by this group
What is all sectors of the economy?
400
Unemployment directly related to swings in the business cycle.
What is cyclical unemployment?
400
Statistical series used to measure changes in the level of prices over time
What is the price index?
400
This Disney cartoon featured Scrooge McDuck and his nephews
What is Ducktales?
500
The Stock Market crashed on this date.
What is October 29, 1929?
500
Statistical series used to measure price changes for a representative sample of frequently used items
What is the Consumer Price Index?
500
Unemployment due to changes in the weather.
What is seasonal unemployment?
500
Systematic ups and downs of real GDP
What is the business cycle?
500
This Disney cartoon featured characters from the Jungle Book wearing clothes and flying airplanes.
What is Talespin?
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