Inflation, GDP, Business Cycle, Unemployment
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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| Inflation | show 🗑
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| show | in a growing economy, increasing demand can pull prices up
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| Cost-push inflation | show 🗑
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| show | self-perpetuating spiral of wages and prices increasing
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| show | an revenue that is set at a particular figure and does not change or rise with the rate of inflation
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| Stagflation | show 🗑
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| show | no economic growth combined with devaluation of money
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| show | those available to work who don't have a job but have made a specific effort to find a job in the last month
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| Unemployment Rate | show 🗑
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| show | workers who are between old job and new job
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| Structural Unemployment | show 🗑
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| Cyclical Unemployment | show 🗑
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| Seasonal Unemployment | show 🗑
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| show | lowest possible rate with economy growing efficiently
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| Business Cycle | show 🗑
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| Gross Domestic Product | show 🗑
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| Contraction | show 🗑
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| Expansion | show 🗑
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| Peak | show 🗑
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| Trough | show 🗑
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Created by:
ddenson80
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