M/C-products included in the calculation of GDP, variables that affect the business cycle, the Great Depression, stages of the business cycle, diff. between seasonal and structural unemployment, "healthy" unemployment rate, workfare, demand pull theory, effects of very low unemployment, the calculation of the unemp rate, types of unemployment, CPI calculation, causes of inflation, working poor, the effects of inflation on different population segments
Matching-there are 10 matching. Be familiar with key terms in the two chapters.
Short Answer/Essay-Explain the relationship between consumer expectations and economic performance; How does the Bureau of Labor Statistics calculate the rise in prices each year?; Explain how a person can be employed and still be living under the poverty threshold.
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