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Review for your vocabulary test

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
GDP expressed in constant or unchanging prices   show
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show structural  
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show expansion  
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show stagflation  
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show deflation  
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show inflation rate  
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show seasonal  
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GDP measured in current prices   show
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show cyclical  
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theory that inflation is caused by producers raising their prices to meet increased costs   show
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show inflation  
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show quantity theory  
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goods that last for a relatively long time   show
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show intermediate goods  
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show contraction  
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A price index determined by measuring the price of a market basket of a typical urban consumer   show
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measurement that shows how the average price of a group of goods changes over time   show
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representative collection of goods and services   show
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show non durable  
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Unemployment that occurs when people take time to find another job or change jobs   show
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inflation that is out of control   show
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Theory that inflation occurs when demand for goods exceeds existing supply   show
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show poverty threshold  
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show gross domestic product  
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show aggregate supply  
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the amount of goods in the economy that will be purchased at all possible price levels   show
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show income distribution  
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Created by: lbeale
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