11.1 economic indicators

The measure of the inflation rate is

The consumer price index

Deflation occurs during

a recession, coinciding with an economic contraction

the U.S. gross domestic product is best descibed as

all goods and services produced within the nation

All of the following are coincident indicators except

changes in durable goods inventories

The measure of economic output generated from within a nation's borders is

gross domestic product

A measure of a nation's citizen's economic activity is

gross national product

Stagnation in the economy can be associated with

high unemployment

Which of the following is a coincident indicator

household income

Which of the following is a lagging indicator

increase in the consumer loans to personal income ratio

An analysts is trying to determine upcoming economic activity to better determine her recommended investment strategy. She would be most interested in

leading indicators

Which of the following can encourage economic growth because gradually increasing prices tend to stimulate business investment

mild inflation

Which of the following is a leading indicator

new order for consumer goods

All of the following are lagging indicators except

personal income

All of the following are leading indicators except

personal income

Economic growth has slowed to a halt with little consumer demand, but prices for goods and services are still rising. This is known as economic

stagflation

Economic reports show that there is a general rise in prices for consumer goods and a high unemployment rate occurring simultaneously. This combination can best be described as

stagflation

Increasing cost of goods and services and high unemployment are characteristics of

stagflation

The economy is showing that employment is low, there is little consumer demand, and loans for expansion and retooling are way down, showing a lack of business activity. Yet prices for consumer goods are still rising. Economists would call this a period of

stagflation

When the economy shows high unemployment and is failing to expand as measured by a lack of consumer demand and business activity, but prices for goods and services are still rising, this could be described as what

stagflation

Several months of slow economic growth and rising unemployment have characterized the economy. Market analysts would describe this as a period of

stagnation

The consumer price index is a measure of

the change in prices