Vocabulary Terms

Economic Indicators and the Business Cycle

Aggregate output

Aggregate price level

Bond

Chain-linking

Chain-weighted CPI

Circular flow model

Consumer price index (CPI)

Consumer spending

Cyclical unemployment

Discouraged workers

Disinflation

Disposable income

Efficiency wages

Employed

Expenditure approach

Exports

Factor markets

Final goods and services

Financial markets

Firm

Frictional unemployment