econ Flashcards
1
Q
Systematic changes in real GDP
A
Business cycles
2
Q
changes in real GDP that occur on an irregular basis
A
business fluctuations
3
Q
decline in real GDP
A
recession
4
Q
period of uninterrupted growth
A
expansion
5
Q
growth path
A
trend line
6
Q
general economic hardship
A
depression
7
Q
statistical series
A
leading economic indicator
8
Q
an index of 30 representative stocks
A
dow jones industrial average (DJIA)
9
Q
sustained rise
A
inflation
10
Q
sustained decrease
A
deflation
11
Q
index used to measure price changes
A
consumer price index (CPI)
12
Q
representative collection
A
market basket
13
Q
abnormal inflationin excess
A
hyperinflation
14
Q
index used to measure prices received by domestic producers
A
producer price index (PPI)
15
Q
explanation that prices rise
A
demand-pull inflation
