Structures
Busniess
Marcoeconomics
Business Cycle Affects
Types of Employment
100
the total value of goods produced and services provided in a country during one year
What is GDP ?
100
The act of the economy increasing in size or volume
What is Expansion ?
100
Total supply of goods and services in an economy.
What is Aggregate Supply?
100
when the economy is good business invest in physical and human capital, creating new jobs. The exact opposite occurs during a recession
What is Business Investment ?
100
happens when people are temporarily between jobs or are about to enter the job market for the first time.
What is Frictional Employment?
200
an increase in the amount of goods and services produced per head of the population over a period of time
What is Economic Growth ?
200
Total sum of money the government owes
What is National Debt?
200
A rise in the general or average price level of all the goods and services produced in an economy. Can be caused by pressure from the demand side of the market (demand-pull inflation) or pressure from the supply side of the market (cost-push inflation).
What is Inflation?
200
when interests rates are low companies can borrow and invest, creating new jobs. When interests rates are high the exact opposite occurs
What is Interest Rate?
200
happens when the job market changes with the calendar ex: lifeguards
What is Seasonal Unemployment ?
300
the amount by which foreign spending on a home country's goods and services exceeds the home country's spending on foreign goods and services
What is Net Exports?
300
Fluctuations in economic activity consisting of recession and recovery and growth and decline
What is Stagflation?
300
A schedule (or graph) that shows the value of output (real GDP) that would be demanded at different price levels.
What is Aggravated Demand?
300
consumer confidence in a good economy leads to spending, lack of confidence has the opposite effect
What is Consumer Expectations?
300
a mismatch between a workers skills and the job Ex. New technology replacing certain skills
What is Structural Unemployment?
400
In decisions on producing or providing products and services in the international market it is essential that the production of the product or service is well planned and coordinated, both within and with other functional area of the firm, particularly marketin
What is Production Decisions?
400
Money spent over a given budget in the business year
What is Government Deficits?
400
it steadily rises as an economy reaches its peak and falls when we enter a recession, it increases as an economy recovers again
What is Rise and Fall ?
400
Wars, Natural disasters, oil supply, worldwide financial collapse- will cause the economy to slow down or collapse
What is External Shocks?
400
when the economy experiences a downturn with decreased demand, reduces national spending and income. Ex. Airlines- people travel less=less money for airlines=loss of jobs for airline workers
What is Cyclical Unemployment?
500
an index of the variation in prices paid by typical consumers for retail goods and other items
What is Consumer Price Index ?
500
the accomplishment of an aim or purpose
What is Success ?
500
a good indicator of the wealth within a country
What is Standard Living?
500
a cycle or series of cycles of economic expansion and contraction
What is Business Cycle ?
500
economy moves from a trough to a peak
What is Recovery Expansion?
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