Term
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Definition
| Rising level of business activity. |
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Term
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Definition
| Lowest level of business activity in a business cycle. |
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Term
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Definition
| Measure of how well the people in an economic system live. |
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Term
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Definition
| Repeated rise and fall of economic activity over time. |
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Term
| Gross Domestic Product (GDP) |
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Definition
| Monetary value of all final goods and services produced in a country for a stated time period. |
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Term
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Definition
| Highest level of business activity in a business cycle. |
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Term
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Definition
| Prolonged rise in level of prices for goods and services. |
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Term
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Definition
| Noticeable drop in the level of business activity. |
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Term
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Definition
| Ups and downs in economic activity. |
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Term
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Definition
| Period of severe economic decline. |
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Term
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Definition
| Important data used to measure economic activity and business cycles. |
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Term
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Definition
| Percentage by which the average level of prices in an economy rises. |
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Term
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Definition
| Long period of severe economic decline. |
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Term
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Definition
| Percentage of the workforce looking for work that does not have jobs. |
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Term
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Definition
| Period of economic growth following a recession or depression. |
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