Unit 2 VocabularyM

Unit 2 VocabularyM - real interest rate income approach...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
APEconomics/Presley Unit 2: Topic: Measurement of Economic Performance Vocabulary Economic growth productivity business cycle recession recovery labor force Real GDP GDP cyclical U unemployment rate discouraged workers frictional U potential output GDP gap Okun’s Law nominal income demand-pull inflation structural U real income anticipated inflation
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: real interest rate income approach inflation national income deflation nominal interest rate expenditures approach GDP Deflator LFPR Civilian labor force Peak trough COLA Natural rate of unemployment Unit 2 Graphs • Circular Flow of Economic Activity • Phases of the Business Cycle • GDP Gap...
View Full Document

This note was uploaded on 05/18/2011 for the course ECON 101 taught by Professor Mcdounough during the Spring '11 term at DeVry Westminster.

Ask a homework question - tutors are online