Create an account
Gross Domestic Product
total market value of final goods and services produced in a given period of time.
type of inflation where there is too much spending chasing too few good. happens if economy is strong.
type of inflation where the cost of production goes up and pushes all other prices up.
those over the age of 65 and under the age of 16, those in the military, those in jail, full time students, and home-makers.
labor force excludes...
not voluntary unemployment. Do not have skills necessary for unemployment. Lorg-term.
the natural rate of unemployment
the rate of unemployment occurring when the economy is in short-run potential.
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together