POB 2-1 & 2-2

The portion of people in the labor force who are not working.

The time period of 1930-1940 is known as?

The movement of the economy from one condition to another and back again.

phase marked by a prolonged period of high unemployment,weak consumer sales & business failures

buildings, equipment, inventory items are examples of what?

A decrease in the general level of prices.

Improvements in capital resources, work training & management techniques..

the yield on long term U.S. government debt obligations of up to 30 years.

If people buy fewer cars & the workers who make car parts, lose their job. This is called...

Consumer Spending,Business Spending, Government Spending, Exports of a Country less the imports

an increase in GDP (Gross Domestic Product) means?

Most used measure the government uses to collect info from producers & estimate national output

Inflation is most harmful to...

GDP per capita

All people above the age of 16 who are actively working or seeking work.

the total value of all final goods and services produced in a country during one year.

the sales of durable and non-durable goods bought by consumers.

Paying employees and buying supplies and other goods and services is an example of what?

food, clothing, and housing are examples of what?

An increase in the general level of prices.

A number that compares prices in one year with prices in some earlier base year.

The phase in which unemployment begins to decrease and demand for goods & services increases

The cost of borrowing for large U.S. Corporations.

the rate for time deposits at savings institutions.

Demand begins to decrease, businesses lower production, unemployment rises, GDP growth slows.

The amount individuals pay to borrow for the purchase of a new home.

the yield on short term (13 weeks) U.S. government debt obligations.

This represents the cost of money.

A period when most people are working, businesses produce record numbers & wages are good,

The production output in relation to a unit of input, such as a worker.

The major influence on the level of interest rates.

The rate financial institutions are charged to borrow funds from Federal Reserve Banks.

GDP stands for?

The rate banks make available to their business customers.

The 4 phases of Business Cycles

Salaries and wages as well as investment income and government payments to individuals.

The recurring ups and downs of GDP.

A decrease in GDP

Prosperity is....

What are wages, salaries, investment income and government payments?