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Business Cycles (Chapter 8)

Teacher: Professor Glenda Evans
Horizontales
The time period between the _______ and World War I was one where rapid economic growth occurred in the US
A variable whose peaks and troughs tend to occur later than the corresponding peaks and troughs
Peaks and troughs are known as these points
A change in the economy that shifts the aggregate demand curve.
The unemployment rate is ________cyclical or sensitive to the business cycle
Period of where aggregate activity grows
The probability that someone who is employed will lose their job in the next month
The worst economic contraction in the history of the US
These economists believe it takes a long time for the economy to reach long-run equilibrium
Variables that do not display a clear pattern over the business cycle
The tendency for economic growth to be following by additional growth and vice versa
Period of time where economic activity is expanding
One of two significant labor market variables
Verticales
These variables are a class of economic variables that are sensitive to the business cycle
A period of reduced volatility of GDP and other economic variables
Which world war ended the Great Depression?
The tendency of many economic variables to move together
A detailed history of business cycles in the US
A change in the economy that causes the long-run aggregate supply curve to shift
Period where aggregate economic activity in declining
The repeated sequence of fluctuations in economic activity
The rate which describes the probability that someone who is unemployed will find a job in the next month
This national activity index was developed in 2001 by Jonas Fisher
A variable that tends to ahead of aggregate economic activity
GDP fell by ________ percent during the Great Depression