Unit 4: Business Fluctuations

What’s in This Chapter? Now that we know what GDP is and how it is measured, we are ready to analyze changes in GDP. Studying business fluctuations teaches us that during most years in politically stable, mixed or...

Recessions, Expansions, Peaks, and Troughs Business fluctuations are increases and decreases in economic activity, as measured by increases and decreases in real GDP. A recession (or contraction) is defined as a decrease in real...

Before the 1920s During the latter part of the 19th century and very early 20th century, various industrialized countries around the world enjoyed mostly free market economies. Government involvement was limited to essential...

The Unemployment Survey The unemployment rate is one of the nation’s most important measures of economic health. Some people think that the unemployment rate is measured by counting the number of persons who claim...

The Four Types of Unemployment Four commonly distinguished forms of unemployment are: 1. Frictional unemployment. Frictionally unemployed people are in between jobs or are students who just completed school and are looking for a...

Unemployment Rates by State Unemployment rates in the United States vary quite a bit by state. Below is a table with 2011 – 2022 unemployment rates of selected states. The table shows that in 2022 Nebraska, Utah, South...

Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well! You have already completed...