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Business Cycle Terms Good TImes Bad TImes Supply and Demand....Again? The Great Recession Wild Card
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Final Question
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A woman expierences these near the end of pregency, it is also a word that means a loss of REAL GDP for a certain period of time

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A woman expierences these near the end of pregency, it is also a word that means a loss of REAL GDP for a certain period of time


Contraction


25% unemployment, Loss of 10% in Real GDP......Or just a really long severe recession

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25% unemployment, Loss of 10% in Real GDP......Or just a really long severe recession


Depression


"Fancy words" for Boom and Bust

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"Fancy words" for Boom and Bust


Expansion and Contraction


Alternatin period of rising and falling GDP

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Alternatin period of rising and falling GDP


Business Cycle


This vocab word occurs usually during expansion......Rhymes with rarity....Live long and_____

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This vocab word occurs usually during expansion......Rhymes with rarity....Live long and_____


Prosperity 


How many recessions have their been in the US since 1960

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How many recessions have their been in the US since 1960


8


THe top of a good time is called________, while the bottom of a bad time is calld_____

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THe top of a good time is called________, while the bottom of a bad time is calld_____


Peak and Trough  (I will also accept Valley)


Since 1929, there has only been one stretch when REAL GDP did not grow 3% in a year. When was the ten year stretch?  (Hint the Economy grew over 3% in 1934)  (Double Hint: The year it started Italy won the world cup, cardinals won the world series and the steelers won the super bowl.)

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Since 1929, there has only been one stretch when REAL GDP did not grow 3% in a year. When was the ten year stretch?  (Hint the Economy grew over 3% in 1934)  (Double Hint: The year it started Italy won the world cup, cardinals won the world series and the steelers won the super bowl.)


2006-2015


Since 1980, this year saw the sharpest drop in REAL GDP

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Since 1980, this year saw the sharpest drop in REAL GDP


2008 (Drop by 2.77%)


When and How longwas the longest Depression in America History  (Hint it was not great)

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When and How longwas the longest Depression in America History  (Hint it was not great)


1815-1821 and for 6 years


What are the Three aspects that effect Aggregate supply?

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What are the Three aspects that effect Aggregate supply?


Weather, Oil, Technology


What are the three aspects that effect Aggregate Demand?

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What are the three aspects that effect Aggregate Demand?


Consumer Confidence, Wealth, Govt policy


What technological change cause a major BOOM in the 1990's

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What technological change cause a major BOOM in the 1990's


Internet (Or interwebs)


What is the equation to determine wealth

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What is the equation to determine wealth


Personel Assests minus  Liabilty = Wealth 


Fill in the blank:  A consumers __________ of the economy is the key to Consumer Confidence.  (Hint rhymes witha Christopher Nolan movie)

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Fill in the blank:  A consumers __________ of the economy is the key to Consumer Confidence.  (Hint rhymes witha Christopher Nolan movie)


Perception 


According to the slideshow, when did the Great Recession start?

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According to the slideshow, when did the Great Recession start?


2007


A rise in the price of this product, would have cause a mild recession in its own right.....

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A rise in the price of this product, would have cause a mild recession in its own right.....


Oil


The major cause of the Great Recession

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The major cause of the Great Recession


The Housing Bubble burst


This was the median price for a house in America in 2006.  You can be within $5,000, or closest answer...

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This was the median price for a house in America in 2006.  You can be within $5,000, or closest answer...


$266,889


Name of the cause of the Great Recession

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Name of the cause of the Great Recession


Price of Oil, Housing Bubble Burst, Banks lost trillions in the housing market, Stock market fell 40%, Consumer Confidence lowest since the Great Depression


Name 5 American Pro Sport Teams that do not end with S

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Name 5 American Pro Sport Teams that do not end with S


Red Sox, Heat, Thunder, Lightening, White Sox, Jazz, Magic, Wild, Avalanche


Name 5 towns in Maine that are named after countries

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Name 5 towns in Maine that are named after countries


Peru, Norway, Mexico, Denmark, Sewden, Poland, China,


Name the Number one Selling album and highest gross movie of all time  (Movie adjusted for inflation

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Name the Number one Selling album and highest gross movie of all time  (Movie adjusted for inflation


Michael Jackson Thriller and Gone With the Wind


Name the only show that is not a SUper Bowl and is in the Top 20 most ever watched

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Name the only show that is not a SUper Bowl and is in the Top 20 most ever watched


M*A*S*H


Name 5 Provience Capitals in Canada

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This company founded in 1945 offers a special deal on the last day of January, March, May, July, Aug., Oct. & Dec.


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This company founded in 1945 offers a special deal on the last day of January, March, May, July, Aug., Oct. & Dec.


Baskin & Robbins





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