$100

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$100. $100. $100. $100. $100. $200. $200. $200. $200. $200. $300. $300. $300. $300. $300. $400. $400. $400. $400. $400. $500. $500. $500. $500. $500. GDP. Business Cycles. Unemployment. Inflation. Misc. Business Cycles. GDP. Misc. Inflation. Unemployment. $100. - PowerPoint PPT Presentation

Transcript of $100

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GDPBusiness CyclesUnemploymentInflationMisc.$100$100$100$100$100$300$300$300$300$300$200$200$200$200$200$400$400$400$400$400$500$500$500$500$500Misc. - $500-Early 1920s: Post WWI-1930s: During the Great Depression

GDPBusiness CyclesUnemployment

InflationMisc.Unemployment - $300

True of False:The unemployment rate does not have problems or limitations.Inflation - $300

There are three degrees of inflation.Name 1.Misc. - $300

What is one of the limitations of unemployment?GDP - 200

What is GDP?Business Cycles - $200

Definition: Rise and fall of real GDP over time in a non-systematic manner.What is the term?Unemployment - $200

How do you find the unemployment rate?Inflation - $200

What is the difference between real GDP and current GDP?Misc. - $200

A major economic event happened in October of 1929.What was it? GDP- $400

The are 5 income measures included in the National Income and Product Accounts (NIPA).Name 1 of these.Business Cycles - $400

Capital expenditures, inventory adjustments, innovation & imitation, monetary factors, and external shocks are all causes of what?Unemployment - $400

There are several different types of unemployment. Name 1.

Misc. - $400

What is the equation to determine the inflation rate?GDP- $500

The economy is made up of several different sectors. Name 1 of these.Business Cycles - $500

There are two ways to predict business cycles.Name 1.Unemployment - $500

Full-employment is reached when the unemployment rate drops below what number?Inflation - $500

There are several consequences of inflation.Name 1.Misc. - $500

A deflation is a decrease in the general price level. There were two significant deflations in the 1900s:One in the early 1920s, One in the 1930s.These deflations occurred after what two major historical events?