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Economics, 6/e
Stephen L. Slavin
Economic Fluctuations, Unemployment, And Inflation
Chapter 10 - Economic Fluctuations, Unemployment, and Inflation
1
The low point of a business cycle is called the
and the high point is called the
.
2
The three phases of the business cycle are
,
, and
.
3
For most of the late 1990s through 2000 our unemployed rate has hovered around
percent.
4
For most years since the early 1990s our rate of inflation has been below
percent.
5
The misery index in 2000 was about
.
2002 McGraw-Hill Higher Education
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