A | B |
deflation | Although there is a decrease in prices, people have less money to buy propducts |
depression | Phase marked by a long period of high unemployment, weak consumer sales, and business failures |
inflation | An increase in prices and a decrease in the buying power of the dollar |
productivity | Can be increased by an improvment in management techniques |
prosperity | A period in which most people who want to work have a job, wages are good, and GDP is increasing |
recession | A period when unemployment begins to rise, demand begins to decrease, and business lowers production |
recovery | A phase represented by an increase in employment, demand for goods, and the GDP |
unemployment rate | The portion of people in the labor force who are not working. |
business cycle | Movement of the economy from one condition to another and back again |