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L1 18 Understanding Business Cycles

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

By: Steven Popovic
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Decks in this class (9)

A Describe the Business Cycle and Its Phases
Business cycle 1,
Phases 2
2  cards
B Describe how resource use, housing sector acticity, and external trade sector activity vary as an economy moves through the business cycle
Resource use fluctuation 1,
Housing sector activity 2,
External trade sector activity 3
4  cards
C Describe Theories of the Business Cycle
Neoclassical 1,
Keynesian 2,
New keynesian 3
5  cards
D Describe Types of Unemployment and Measures of Unemployment
Unemployment frictional structura...,
Unemployed 2,
Unemployment rate lagging indicat...
7  cards
E. Explain Inflation, Hyper Inflation, Disinflation, Deflation
Inflation 1,
Hyper inflation 2,
Disinflation 3
4  cards
F Explain the Construction of Indices Used to Measure Inflation
Cpi to calc a rate of inflation 1,
Others 2,
Ppi or wpi wholesale 3
4  cards
G Compare inflation measures, including their uses and limitations
Laspeyres index how we calc the p...
1  cards
H Distinguish between cost-push and demand-pull inflation
The two types of inflation cost p...,
Cost push inflation wage pressure...,
How analysts can track wage press...
6  cards
I Describe economic indicators, including their uses and limitations
Unemployment rate lagging 1,
Leading change direction before p...,
Coincident change at same time of...
4  cards

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L1 18 Understanding Business Cycles

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