Chapter 14
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Changes in real GDP marked by periods of expansion
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| show | The rise and fall of real GDP over time in a nonsystamtic manner.
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| show | 1st phase during which real GDP declines 2 quarters in a row, or 6 months
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| Peak | show 🗑
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| Through | show 🗑
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| Expansion | show 🗑
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| show | A growth path the economy would follow if it were not interrupted by alternating periods of recession and recovery
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| show | A state of the economy with large numbers of people out of work, acute shortages, and excess capacity in manufacturing plants.
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| Depression Scrip | show 🗑
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| show | A macroeconomic model that uses algebraic equations to describe how the economy behaves
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| show | A monthly statistical series that usually turns down before real GDP turns down, and turns up before GDP turns up.
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| Unemployed | show 🗑
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| Unemployment Rate | show 🗑
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| show | Unemployment caused by workers who are between jobs for one reason or another.
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| show | Unemployment that occurs when fundamental change in the operations of the economy reduces the demand for workers and their skills.
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| show | Unemployment directly related to swings in the business cycle.
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| Seasonal Unemployment | show 🗑
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| Technological Unemployment | show 🗑
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| Automation | show 🗑
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| show | Relative magnitude of prices at one point in time
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| Deflation | show 🗑
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| Creeping Inflation | show 🗑
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| Galloping inflation | show 🗑
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| show | Inflation in the range of 500 percent a year and above.
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| show | A curve that shows how much the actual distribution of income varies form and equal distribution
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| Poverty Guidelines | show 🗑
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| show | Economic and social programs that provide regular assistance from the government or private agencies
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| Food Stamps | show 🗑
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| Earned Income tax Credit | show 🗑
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| Enterprise Zones | show 🗑
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| Workfare | show 🗑
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| Negative Income Tax | show 🗑
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| What are the 2 main phases of the business cycle? | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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