In the simple circular flow model:

The National Bureau of Economic Research determines that a recession is over:

Most economists believe that the consumer price index ______ the rate of inflation.

The “business cycle” refers to:

During a typical economic recovery:

Inflation has significant long-run effects on the economy because:

Hannah is not at work because she broke her leg, but she will return once it heals. She is:

People are considered employed if they are:

Gross private domestic investment, which consists of _______________ and changes in private inventories, is an important determinant of _______________________.

Net exports equal:

Gross domestic product measures the output produced by ____________________ using resources in this country, while gross national product measures output produced by resources supplied by ______________.

Gross domestic product is the total market value of all:

The GDP deflator for the base year is:

In the circular flow diagram, the counterclockwise direction shows the flow of _____, where households supply _____ and businesses supply _____.

Net exports equal:

A business cycle is:

Most of the recessions of the past half century have lasted between:

The GDP deflator is an index that includes prices of all but:

Income payments to the rest of the world are:

In using the income approach to GDP, the largest category is:

Gross domestic product is a measure of:

Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting salary some years ago. If the consumer price index the year Dave begins work is 180.5 and the year his dad started work it was 110.8, Dave is:

A passive job search:

In the United States, our principal measure of inflation is: