A complete business cycle
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expansion→ peak↑ → recession→ trough↓
Government Policy (2 Types)
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1. Fiscal
2. Monetary
Price level
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-one number that tells something about prices
Deflation
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-a fall in the price index
Lecture 2
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...
CPI
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-Consumer Price Index
-most well known price index
Unemployment rate
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expansion→ peak↑ → recession→ trough↓
Government Policy (2 Types)
Give this one a try later!
1. Fiscal
2. Monetary
Price level
, Give this one a try later!
-one number that tells something about prices
Deflation
Give this one a try later!
-a fall in the price index
Lecture 2
Give this one a try later!
...
CPI
Give this one a try later!
-Consumer Price Index
-most well known price index
Unemployment rate
Give this one a try later!
