ECON16_TX_TC_C13_wsvoc.indd 1

Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. 4. 3. 2. 1. parentheses. Directions: Content Vocabulary Vocabulary Activity Economic Instability NAME What would happenifperiods ofrecession andexpansiondid notoccur? Outline thephasesofbusinesscycle. What isthedifference between businesscycles andbusinessfluctuations? Why did moneyrun out duringtheDepression? business fluctuations) ______Respond to thequestionsorstatements below usingthevocabulary words shown in Vendor: Program: SPi Global Texas_Economics Grade: Component: H.S. Vocab_Activity (recession, peak,trough, expansion) 1 (depression scrip) DATE ______PDF Pass (trend line) (business cycles, CLASS ______7/13/15 9:44PM 7/13/15 9:44 PM

Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. ______CLASS CLASS (leading economic indicator, indicator, (leading economic PDF Pass ______DATE DATE (long-term unemployment, structural structural unemployment, (long-term 2 Vocab_Activity (creeping inflation, hyperinflation, stagflation) hyperinflation, inflation, (creeping H.S. Component: Grade: (civilian labor force, unemployed, unemployment rate) unemployment unemployed, labor force, (civilian cont. Texas_Economics SPi Global SPi Program: Program: Vendor: ______Dow Jones Industrial Average, leading economic index, econometric models) econometric index, leading economic Average, Jones Industrial Dow unemployment, frictional unemployment, technological unemployment, cyclical cyclical unemployment, technological unemployment, frictional unemployment, unemployment) seasonal unemployment, Describe six different kinds of unemployment. of unemployment. kinds Describe six different How is unemployment measured? measured? is unemployment How Describe three different kinds of inflation. kinds different Describe three How do economists attempt to predict the next business cycle? cycle? next business the predict to attempt economists do How NAME 7. 6. 5. Vocabulary Activity Vocabulary 8. Economic Instability Economic ECON16_TX_TC_C13_wsvoc.indd 2 ECON16_TX_TC_C13_wsvoc.indd 3

Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. Economic Instability the answer intheblankatleftofeach vocabulary word. Directions: Vocabulary Activity NAME

______22. 21. 20. 19. 18. 17. 16. 15. 14. 13. 12. 11. 10. 9.

Implicit GDPpricedeflator Base year Debtor Market basket Deflation GDP Gap Producer Price Index Creditor Consumer Price Index Outsourcing Misery index Demand-pull inflation Infla Cost-push inflation Match each vocabulary word ontheleftwith its definitionontheright. Write theletter of Vendor: Program: tion

SPi Global

Texas_Economics

Grade: Component:

cont. H.S. n.  m.  l.  k.  j.  i.  h.  g.  f. e. d.  c.  b. a.     economy can produce economy tryto buymore goods andservices thanthe explanation thatpricesrisebecause allsectors ofthe product index usedto measure pricechangesingross domestic goods andservices sustained decrease inthegeneral level oftheprices unemployment rate unofficial statistic thatisthesumofinflationand in apriceindexorotherstatistical measure a year thatserves asapointofcomparison for otheryears persons orinstitutionsthatowe money manufacturers andthuscause inflation organized labor, drive upthecost ofproducts for explanation thatrisinginputcosts, especially energy and persons orinstitutionsto whommoneyisowed producers index usedto measure pricesreceived by domestic lower operating costs hiring outside firmsto perform non-core operations to of frequently usedconsumer items index usedto measure pricechangesfor amarket basket services sustained rise inthegeneral level ofpricesgoods and produce; annualopportunitycost ofunemployed resources difference between whattheeconomy can anddoes compile apriceindex representative collection ofgoods andservices usedto Vocab_Activity 3 DATE ______PDF Pass CLASS ______24/07/15 1:21PM 7/13/15 9:44 PM

Copyright © McGraw-Hill Education. Permission is granted to reproduce for classroom use. ______CLASS CLASS PDF Pass ______DATE DATE 4 Vocab_Activity H.S. Component: Grade: cont. Texas_Economics SPi Global SPi Program: Program: Vendor: Write a short definition for each of the following words. of the following each definition for a short Write ______Unfounded Fundamental Confined Recover Construction Series

28. 27. 26. 25. 24. Directions: 23. Academic Vocabulary Academic NAME Economic Instability Economic Vocabulary Activity Vocabulary ECON16_TX_TC_C13_wsvoc.indd 4