Cyclical & Secular Flashcards
1
Q
Time Series
A
A series of data points indexed in time order. A graph which shows how a variable moves over time.
2
Q
Cyclical Trend
A
When a variable exhibits behavior that seems to be linked to seasonal or business cycle phenomena.
3
Q
Secular Trend
A
When a variable is moving in a certain direction over long periods of time, regardless of cyclical fluctuations.
4
Q
Unemployment
A
Cyclical–fluctuates with recessions and recoveries.
5
Q
Employment
A
Cyclical and Secular
6
Q
Women and Men in the Labor Force
A
Men: decreasing secular trend
Women: increasing secular trend
7
Q
Labor Force Participation Rate
A
Secular because labor force includes both employed and unemployed (only changes with people leaving the labor force.
