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Study sets matching "business cycle"

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Study sets matching "business cycle"

11 terms
The Business Cycle
boom
trough
upswing
downswing
the top of the business cycle
the low of the business cycle
an increase in the level of economic activity
a fall in the level of economic activity
boom
the top of the business cycle
trough
the low of the business cycle
12 terms
Business cycle
Business cycle
Recovery
Recession
Prosperity
the up and down swings in the economy
a time of growth in the business cycle
a time when the economy is shrinking
The highest point in the business cycle
Business cycle
the up and down swings in the economy
Recovery
a time of growth in the business cycle
8 terms
Business cycle
business cycle
Recovery
recession
prosperity
the up and down swings in the economy
a time of growth in the business cycle
a time when the economy is shrinking
The highest point in the business cycle
business cycle
the up and down swings in the economy
Recovery
a time of growth in the business cycle
22 terms
The Business Cycle
Business cycle
Four parts of business cycle
Diagram of business cycle
Growth
-Explains the flucuations in economic activities.... -Represents…
-Growth, peak, recession, and trough.
-Also called expansion or recovery. ... -Occurs when persistent…
Business cycle
-Explains the flucuations in economic activities.... -Represents…
Four parts of business cycle
-Growth, peak, recession, and trough.
53 terms
Business Vocabulary Builder the business cycle
business cycle
economic expansion
contraction
sector of the economy
cykl koniunkturalny
wzrost gospodarczy
spadek koniunktury
sektor gospodarki
business cycle
cykl koniunkturalny
economic expansion
wzrost gospodarczy
Business cycle
Business cycle
Recovery
Recession
Prosperity
the up and down swings in the economy
a time of growth in the business cycle
a time when the economy is shrinking
The highest point in the business cycle
Business cycle
the up and down swings in the economy
Recovery
a time of growth in the business cycle
10 terms
Business cycle
business cycle
expansion
contraction
recession
the up and down swings in the economy
growth
getting smaller; shrinking
a time when the economy has grown smaller
business cycle
the up and down swings in the economy
expansion
growth
12 terms
Business Cycle
business cycle
business fluctuations
recession
peak
A diagram showing the fluctuations in a country's GDP over a…
Ups and downs in GDP
A slowdown in a nation's economy, or decrease in GDP
the height of an economic expansion, when real GDP stops rising
business cycle
A diagram showing the fluctuations in a country's GDP over a…
business fluctuations
Ups and downs in GDP
18 terms
Business Cycle
Business Cycle
Business Fluctuations
Recession
Peak
systematic changes in the real GDP marked by alternating peri…
non systematic changes in the real GDP marked by alternating…
decline in real GDP lasting at least two quarters or more
Point in time when the real GDP stops expanding and begins to…
Business Cycle
systematic changes in the real GDP marked by alternating peri…
Business Fluctuations
non systematic changes in the real GDP marked by alternating…
12 terms
Business Cycle
business cycle
business fluctuations
recession
peak
Fluctuations in economic activity, such as employment and pro…
Irregular increases and decreases in real GDP
A slowdown in a nation's economy
the height of an economic expansion, when real GDP stops rising
business cycle
Fluctuations in economic activity, such as employment and pro…
business fluctuations
Irregular increases and decreases in real GDP
10 terms
Business cycle
expansion
contaction
a downturn
an upturn
рост
уменьшение
спад
подъем
expansion
рост
contaction
уменьшение
19 terms
Business Cycle
business cycle
expansion
peak
contraction
a period of macroeconomic expansion followed by a period of m…
growth/rise in real GDP, falling unemployment
height of economic expansion
falling real GDP, unemployment increases
business cycle
a period of macroeconomic expansion followed by a period of m…
expansion
growth/rise in real GDP, falling unemployment
11 terms
Business Cycle
Labor Productivity
Gross Domestic Product (GDP)
Gross National Product (GNP)
Standard of Living
The amount produced per worker measured during a specific tim…
A measure of the goods and services produced IN a country.
The sum of the dollar value for products produced BY a country.
The amount of goods and services that a nation's people have.
Labor Productivity
The amount produced per worker measured during a specific tim…
Gross Domestic Product (GDP)
A measure of the goods and services produced IN a country.
5 terms
Business Cycle
Peak
Recession
Trough
Recovery
The highest value reached by some quantity in a time period.
A period of economic decline or negative growth.
The lowest turning point of a business cycle.
A period of economic incline or positive growth.
Peak
The highest value reached by some quantity in a time period.
Recession
A period of economic decline or negative growth.
10 terms
Business Cycle
expansion phase
peak phase
contraction phase
trough phase
unemployment is decreasing, spending is increasing, productio…
unemployment is at it's lowest point, spending is at it's max…
unemployment is increasing, spending is decreasing, productio…
unemployment is at it's highest point, spending is at it's lo…
expansion phase
unemployment is decreasing, spending is increasing, productio…
peak phase
unemployment is at it's lowest point, spending is at it's max…
10 terms
Business Cycle
expansion phase
peak phase
contraction phase
trough phase
unemployment is decreasing, spending is increasing, productio…
unemployment is at it's lowest point, spending is at it's max…
unemployment is increasing, spending is decreasing, productio…
unemployment is at it's highest point, spending is at it's lo…
expansion phase
unemployment is decreasing, spending is increasing, productio…
peak phase
unemployment is at it's lowest point, spending is at it's max…
23 terms
The Business Cycle
Economic Growth
GDP
The Business Cycle
Expansion
We are producing more finished goods and services now than we…
How is economic growth measured?
What gauges the health of a country's economy?
Economic Growth
We are producing more finished goods and services now than we…
GDP
How is economic growth measured?
10 terms
Business Cycle
business cycle
a recession
depression
peak
fluctuations of the economy resulting in periods of boom and…
2 quarters (6 months) of decline in output, Income, employmen…
state of the economy with large numbers
point in time when real GDP stops expanding and begins to dec…
business cycle
fluctuations of the economy resulting in periods of boom and…
a recession
2 quarters (6 months) of decline in output, Income, employmen…
15 terms
Business cycle
Expansion
Peak
Recession
Trough
Increase in various economic factors
When the business cycle reaches its max
A slow down in economic activity over a period of time
when the growth rate of a economy becomes negative
Expansion
Increase in various economic factors
Peak
When the business cycle reaches its max
38 terms
The Business Cycle
Four phases of business cycle
Trough
Expansion
Peak
Expansion, peak, contraction or recession and trough
GDP growth rate changes from negative to positive... high unempl…
GDP growth rate increases... Unemployment rate decreases as hiri…
GDP growth rate decreases... Unemployment rate decreases but hir…
Four phases of business cycle
Expansion, peak, contraction or recession and trough
Trough
GDP growth rate changes from negative to positive... high unempl…
6 terms
The Business Cycle .
Peak
Expansion
Recession
Recovery
-The highest value reached by some quantity in a time period.…
-A period of economic growth as measured by a rise in real GD…
-A period of declining economic growth.
-A period of renewed economic growth followed by a recession…
Peak
-The highest value reached by some quantity in a time period.…
Expansion
-A period of economic growth as measured by a rise in real GD…
10 terms
Business Cycle
Business Cycle
Expansion
Peak
Contraction
A recurring pattern of growth and decline in economic activit…
A period of economic growth.
The highest point of an expansion, or period of economic grow…
A period of general economic decline marked by falling GDP an…
Business Cycle
A recurring pattern of growth and decline in economic activit…
Expansion
A period of economic growth.
10 terms
Business Cycle
business cycle
The model of the business cycle looks…
expansionary phase
peak phase
is the pattern of alternating periods of expansion (growth) a…
a roller coaster going up and down but trending upward over t…
Unemployment is going down, GDP is going up, and inflation is…
the highest point in economy, means the nation's economy can'…
business cycle
is the pattern of alternating periods of expansion (growth) a…
The model of the business cycle looks…
a roller coaster going up and down but trending upward over t…
11 terms
Business Cycle
Business Cycle
Expansion
Peak
Contraction
A recurring pattern of growth and decline in economic activit…
A period of economic growth.
The highest point of an expansion, or period of economic grow…
A period of general economic decline marked by falling GDP an…
Business Cycle
A recurring pattern of growth and decline in economic activit…
Expansion
A period of economic growth.
23 terms
Business cycle
Downturn/Downswing/Period of contraction
Upturn/Upswing/Period of expension/Rec…
Consumption
Balance of payments
A decline in economic activity
Increase in economic activity (long time: boom)
Purchasing and using goods and services
The difference between the funds a country receives and those…
Downturn/Downswing/Period of contraction
A decline in economic activity
Upturn/Upswing/Period of expension/Rec…
Increase in economic activity (long time: boom)
31 terms
The Business Cycle
Wirtschaftskreislauf
private Haushalte
öffentliche Haushalte
Unternehmen
business cycle
private households
public households
company
Wirtschaftskreislauf
business cycle
private Haushalte
private households
21 terms
The Business Cycle
The Economy ( growth )
Economic Growth is Measured by
GDP Means
The Business Cycle
The economy does not grow the same steady rate over time. The…
The percentage change in Gross Domestic Product ( GDP )
The total value of all goods and services produced within an…
Describes the fluctuations in the levels and rates of growth…
The Economy ( growth )
The economy does not grow the same steady rate over time. The…
Economic Growth is Measured by
The percentage change in Gross Domestic Product ( GDP )
13 terms
The Business Cycle
traditional
business cycle
expansion
inflation
customary, time-honored
economic pattern in which an economy goes through good times…
period of the business cycle marked by growth
rise in the cost of goods and services
traditional
customary, time-honored
business cycle
economic pattern in which an economy goes through good times…
11 terms
The business cycle
Leakages
Injections
The long-term trend
output gap.
where money flows out of the circular flow of income in the f…
where money flows into the circular flow of income in the for…
represents the growth rate that the economy can sustain over…
The difference between actual output and potential output
Leakages
where money flows out of the circular flow of income in the f…
Injections
where money flows into the circular flow of income in the for…
53 terms
Business Vocabulary Builder the business cycle
business cycle
economic expansion
contraction
sector of the economy
cykl koniunkturalny
wzrost gospodarczy
spadek koniunktury
sektor gospodarki
business cycle
cykl koniunkturalny
economic expansion
wzrost gospodarczy
43 terms
Business Cycle
Time in which the economy is poor
Time in which economy is improving
Time in which the economy is doing well
Time in which economy is worsening
Lowest point... Depression... Trough... People feel: pessimistic
Recovery... Growth... Expanding... People feel: optimistic
Peak... Prosperity... Boom
Recession... Slow down... Contraction
Time in which the economy is poor
Lowest point... Depression... Trough... People feel: pessimistic
Time in which economy is improving
Recovery... Growth... Expanding... People feel: optimistic
13 terms
Business cycle
Expansion
Recession
Reduce workforce higher employment
Business shut down
Economy flourishing
Period of economic slowdown lasting 6 months
Recession
Depression
Expansion
Economy flourishing
Recession
Period of economic slowdown lasting 6 months
16 terms
Business Cycles
business cycle
expansion
contraction
recession
the rise and falll of economic activity over time; movement o…
growth
getting smaller; shrinking
a time when the economy has grown smaller and is in a period…
business cycle
the rise and falll of economic activity over time; movement o…
expansion
growth
15 terms
Business Cycle
What is a business cycle?
Business cycle
What is the general trend of business…
What is the relationship between the r…
Fluctuations in aggregate demand for goods and services
1. expansions grow progressively longer as economic activity…
steeper the recession, sharper the recovery
What is a business cycle?
Fluctuations in aggregate demand for goods and services
Business cycle
14 terms
the business cycle
Which best describes the nature of cau…
During a recession, what is one way go…
Which best describes how governments r…
Which of the following conditions is m…
not "each effect has a cause"
by increasing unemployment benefits
Governments change their policies
the economy is growing agian
Which best describes the nature of cau…
not "each effect has a cause"
During a recession, what is one way go…
by increasing unemployment benefits
7 terms
The Business Cycle
The Business cycle
Four phases divided from business cycle:
Expansionary or recovery phase
Peak or prosperity phase
Shows a sample business cycle for an economy. The straight li…
Expansionary or recovery phase, peak or prosperity phase, con…
Real output in the economy is increasing and the unemployment…
Real output in the economy is at a high level, unemployment i…
The Business cycle
Shows a sample business cycle for an economy. The straight li…
Four phases divided from business cycle:
Expansionary or recovery phase, peak or prosperity phase, con…
20 terms
The business cycle
business cycle
downturn
recession
depression
recurring fluctuations in economic activity consisting of rec…
a decline in economic activity
a downturn that lasts more than 6 months
a downturn that lasts for a year or two
business cycle
recurring fluctuations in economic activity consisting of rec…
downturn
a decline in economic activity
5 terms
The Business Cycle
Four phases
Prosperity
Recession
Depression
Prosperity(Peak) ... Recession(Dropping)... Depression(Trough) ... Rec…
Prosperity is a peak of economic activity. ... Unemployment is l…
Economic activity slows down. ... Spending decreases and so does…
Is a deep rescission that affects the entire economy and last…
Four phases
Prosperity(Peak) ... Recession(Dropping)... Depression(Trough) ... Rec…
Prosperity
Prosperity is a peak of economic activity. ... Unemployment is l…
27 terms
The business cycle
downturn
upturn
expectation
consumption
a decline in economic activity
an increase in economic activity
beliefs about what will happen in the future
purchasing and using goods and services
downturn
a decline in economic activity
upturn
an increase in economic activity
22 terms
Business Cycles
Business cycles
Real GDP
Peak
Recession
Periods of expansion and contraction in economic activities
Gross domestic product that has been adjusted for inflation.
During this phase of the business cycle: considered the high…
A six-months' contraction in the business cycle.
Business cycles
Periods of expansion and contraction in economic activities
Real GDP
Gross domestic product that has been adjusted for inflation.
5 terms
Business cycle
Prosperity
Recession
Depression
Recovery
Peak of economic activity.
Slow down in economic activity.
Deep recession that affects the entire economy and lasts for…
Rise in business activity, occurs after recession or depressi…
Prosperity
Peak of economic activity.
Recession
Slow down in economic activity.
8 terms
Business Cycle
Define business cycle
What does GDP stand for?
Define gross domestic product
What are the four stages in the busine…
A pattern of altenating periods of economic growth/decline
Gross Domestic Product
An overall measure of a countries economic activity
Peak, Recession/Contraction, Trough/Depression, Recovery/Expa…
Define business cycle
A pattern of altenating periods of economic growth/decline
What does GDP stand for?
Gross Domestic Product
19 terms
Business cycle
The Up's & Downs in economic activity
Increase in Real GDP at a rate of 3% o…
The last quarter (3 months) of a contr…
-Increased GDP... -Lower Unemployment Rat…
Business Cycle
Economic Growth in the U.S?
Trough
What are the characteristics of expansion?
The Up's & Downs in economic activity
Business Cycle
Increase in Real GDP at a rate of 3% o…
Economic Growth in the U.S?
10 terms
Business Cycle
Business cycle
Expansion
Economic growth
Peak
A cycle or series of cycles of economic expansion and contrac…
Growth or increase
Increase in the amount of goods or services produced by the h…
Highest point of a specified value
Business cycle
A cycle or series of cycles of economic expansion and contrac…
Expansion
Growth or increase
10 terms
Business Cycle
Business Cycle
Expansion
Economic Growth
Peak
A cycle of economic expansion and contraction
The action of becoming greater
An increase in the amount of goods or services produced pet h…
The highest point possible
Business Cycle
A cycle of economic expansion and contraction
Expansion
The action of becoming greater
10 terms
Business cycle
Business cycle
Expansion
Economic growth
Peak
A period of macro-economic expansion followed by a period of…
A period of economic growth as measured by a rise in real GDP
A steady, long term increase in real GDP
The height of an economic expansion, when real GDP stops rising
Business cycle
A period of macro-economic expansion followed by a period of…
Expansion
A period of economic growth as measured by a rise in real GDP
10 terms
Business Cycle
*Sectors involved in the circular flow…
The Business Cycle
Goals of macroeconomics
Fluctuations
>household... >government... >international... >financial... >business
IMPORTANT... Compares progress throughout time and avoids downt…
High employment... High and growing output... Stable price
Corresponds to the changes in business conditions... Irregular…
*Sectors involved in the circular flow…
>household... >government... >international... >financial... >business
The Business Cycle
IMPORTANT... Compares progress throughout time and avoids downt…
12 terms
Business Cycle
Business Cycle
CPI
Deflation
Depression
Expansion, Peak, Contraction, Tough
measures the changes in the prices of goods and services comm…
decrease in the general price level
extended period of high unemployment and reduced business act…
Business Cycle
Expansion, Peak, Contraction, Tough
CPI
measures the changes in the prices of goods and services comm…
11 terms
Business cycle
Definition of the business cycle
Definition of a Trough
Definition of a Boom
8 characteristics of a boom
alternating periods of prosperity and thoughts associated wit…
A period of economic malaise in which the level of aggregate…
Occurs when the level of economic activity is higher than nor…
1) high confidence ... 2) increase consumption expenditure ... 3) i…
Definition of the business cycle
alternating periods of prosperity and thoughts associated wit…
Definition of a Trough
A period of economic malaise in which the level of aggregate…
27 terms
Business cycle
national income accounting
gross domestic product
intermediate goods
durable goods
a system that collects macroeconomic statistics on production…
The sum total of the value of all the goods and services prod…
Products that are purchased for resale or further processing…
Goods that last a relatively long time, such as cars and hous…
national income accounting
a system that collects macroeconomic statistics on production…
gross domestic product
The sum total of the value of all the goods and services prod…
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