Economic Performance Vocab

Front

Output decreases, prices increase

Back

Stagflation

Front

Factors used by economists to determine the business cycle

Back

Leading Indicators

Front

Post-graduation unemployment

Back

Frictional

Front

Unemployment due to skills no longer in demand

Back

Structural

Front

Investment and trade with foreign companies

Back

Globalization

Front

Unemployment at certain times of the year

Back

Seasonal

Front

Unemployment during a contraction

Back

Cyclical

Front

Increasing knowledge process

Back

Capital Deepening

Front

Divide unemployed by labor force

Back

Unemployment Rate

Front

Unemployment due to over-qualification or part-time work

Back

Underemployment