Economic Indicators Test Questions and Answers 100% Solved

Economic Indicators Test Questions and Answers 100% Solved Recession ️️six straight months of economic contraction, where there is falling real GDP and increasing unemployment trough ️️The lowest point in a business cycle CPI - consumer price index ️️measures inflation by comparing the average of prices of a basket of consumer goods and services. Inflation ️️A rise in the general level of prices Unemployment rate ️️the percentage of the labor force that is unemployed Peak ️️The highest point in a business cycle Aggregate Demand ️️total demand for goods and services in an economy (C+I+G+Xn) GDP - Gross Domestic Product ️️the total market value of all final goods and services produced annually in an economy Economic Expansion ️️The part of the business cycle where GDP and employment are rising.