CHAPTER 5 ECONOMICS Flashcards
(17 cards)
1
Q
which industry is most sensitive to business cycles changes
A
CAPITAL AND DURABLE GOODS MARKET
2
Q
LEADING INDICATORS
A
FUTURE
3
Q
LAGGING INDICATOR
A
PAST
4
Q
COINCIDENT OR CONCURENT
A
PRESENT
5
Q
IN WHICH MARKET DOES THE BUSINESS CYCLE MOSTLY OCCURS
A
FREE MARKET ECONOMY ( DUE TO NO GOVERNMENT INTERVENTIONS)
6
Q
CONTRACTION
A
UPTO 6 MONTHS
6
Q
RECEESION
A
UPTO 6+MONTHS
7
Q
DEPRESSSION
A
MORE THAN 9 MONTHS
8
Q
ENDOGENOUS
A
INTERNAL
8
Q
AC PIGOU
A
OPTIMISM AND PESSIMISM
8
Q
EXOGENOUS
A
EXTERNAL
8
Q
SCHUMPETER
A
INNOVATIONS
9
Q
TROUGH
A
DEPRESSION
10
Q
RECOVERY
A
END OF PESSIMISMS - BEGNINNNG OF OPTIMISM
11
Q
CAUSES OF BUSINESS CYCLE
A
INTERNALS AND EXTERNALS
12
Q
TURNING POINT
A
PEAK OR TROUGH (DEPRESSION)
13
Q
WHEN GROWTH RATE IS NEGATIVE
A
TROUGH OR DEPRESSION
