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1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index

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Presentation on theme: "1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index"— Presentation transcript:

1 Macro Vocabulary—Measuring Economic Growth (Chapters 12, 13 & 14 blue econ book)
1. Business Cycle Gross Domestic Product 2. Peak Consumer Price Index 3. Contraction Real GDP per capita 4. Trough Inflation 5. Recovery Stagflation 6. Expansion National Debt 7. Recession Government Deficit(462) 8. Depression Aggregate Supply 9. Structural Unemployment Aggregate Demand 10. Cyclical Unemployment Unemployment Rate 11. Frictional Unemployment economic growth Recovery: a period of expansion following a trough in the business cycle

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