What is PPI? Flashcards
1
Q
What is PPI
A
A monthly index that measures prices that products receive for their finished goods
2
Q
COST? Price?
A
Cost is what I give up for something
Price what a firm receives in exchange for goods and services
3
Q
Business cycle?
A
The recurrence of periods of growth and recession in a nations economic activity
4
Q
What is the business cycle?
A
Peace, Recession, trough , recovery
5
Q
What is depression
A
A servere recession that last longer than a typical recession has a longer decline in business Activity
6
Q
What is rescission?
A
When we have a two or three month periods of decline in a country’s GDP
7
Q
A
