The Phenomenon of Business Cycles (Grade 10 NSC Matric Economics): Flashcards
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Practise the cards
10 cards from this deck
Business cycle
Business cycle
Natural pattern of economic ups and downs over months/years
Leading indicator
Leading indicator
Changes before economy, predicts future trends
Lagging indicator
Lagging indicator
Changes after economy shifts, confirms changes occurred
Coincident indicator
Coincident indicator
Changes at same time as economy, shows current state
Procyclic indicator
Procyclic indicator
Moves in same direction as the economy
Countercyclic indicator
Countercyclic indicator
Moves in opposite direction to the economy
JSE share prices indicator type
JSE share prices indicator type
Leading indicator
Unemployment rate indicator type (timing)
Unemployment rate indicator type (timing)
Lagging indicator
Real GDP
Real GDP
Main measure to track economic activity and growth
SA 1975-1994 decline reason
SA 1975-1994 decline reason
Economic sanctions & boycotts due to apartheid policies