Blog

Variables that follow, or trail, changes in overall economic activity; such as interest rates and duration of unemployment

Variables that predict, or lead to, a recession or recovery; such as consumer confidence, stock market prices, and big-ticket purchases

Structural features of government spending and taxation that reduce fluctuations in disposable income and thus consumption, over the business cycle

Any diversion of income from the domestic spending stream; includes savings, taxes, and imports

Structural features of government spending and taxation that reduce fluctuations in disposable income and thus consumption, over the business cycle

The author of the 1936 economic work The General Theory of Employment, Interest and Money was         

The property whereby the benefit from an extra unit of an input declines as the quantity of the input increases      

The amount by which output in the short run exceeds the economy’s potential output

If one portion of the atmosphere becomes warmer than the surrounding air,

The percentage of the adult population that is in the labor force: