econ

Question 1

Systematic changes in real GDP

Answer 1

Business cycles

Question 2

changes in real GDP that occur on an irregular basis

Answer 2

business fluctuations

Question 3

decline in real GDP

Answer 3

recession

Question 4

period of uninterrupted growth

Answer 4

expansion

Question 5

growth path

Answer 5

trend line

Question 6

general economic hardship

Answer 6

depression

Question 7

statistical series

Answer 7

leading economic indicator

Question 8

an index of 30 representative stocks

Answer 8

dow jones industrial average (DJIA)

Question 9

sustained rise

Answer 9

inflation

Question 10

sustained decrease

Answer 10

deflation

Question 11

index used to measure price changes

Answer 11

consumer price index (CPI)

Question 12

representative collection

Answer 12

market basket

Question 13

abnormal inflationin excess

Answer 13

hyperinflation

Question 14

index used to measure prices received by domestic producers

Answer 14

producer price index (PPI)

Question 15

explanation that prices rise

Answer 15

demand-pull inflation

Question 16

explanation that rising input costs

Answer 16

cost-pull inflation

Question 17

state of working less than one hour per week

Answer 17

unemployed

Question 18

hiring outside firms

Answer 18

outsourcing

Question 19

difference between what the economy can and does produce

Answer 19

GDP gap

Question 20

unofficial statistic

Answer 20

misery index