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WEIGHT LOSING: An activity in which the transportation cost of the inputs is greater than the transportation cost of the output. Using the term weight to mean transportation cost, an activity is said to lose weight if the cost of getting the inputs to the factory is greater than the cost of moving the output to the market. A weight-losing activity has a greater attraction to, and tends to locate near, the source for the inputs.
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Lesson 12: Business Cycles | Unit 2: A Simple Cycle
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Page: 11 of 26
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- A business cycle as the pattern of expanding and contracting economic activity relative to the long-run, full-employment trend.
- A business cycle contraction, or recession, which is officially designated as at least six months of declining economic activity.
- A business cycle trough, which is turning point between a contraction and an expansion.
- A business cycle expansion, which is a period of increasing aggregate economic activity, and the early recovery part of an expansion.
- A business cycle peak, which is the turning point between an expansion and a contraction.
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REFERENCE WEEK, CURRENT POPULATION SURVEY The calendar week (Sunday through Saturday) containing the 12th day of the month, which is used in the Current Population Survey (CPS) as the time period for documenting the employment and labor force status of respondents. The estimation of the unemployment rate and other employment information generated by the CPS are based on activities of survey respondents during this week. The actual survey is conducted by interviewers working for the Bureau of the Census during the calendar week containing the 19th day, which is termed the survey week.
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WHITE GULLIBON
[What's This?]
Today, you are likely to spend a great deal of time strolling around a discount warehouse buying club wanting to buy either a birthday gift for your father that doesn't look like every other birthday gift for your father or a green fountain pen. Be on the lookout for vindictive digital clocks with revenge on their minds.
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This isn't me! What am I?
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Lewis Carroll, the author of Alice in Wonderland, was the pseudonym of Charles Dodgson, an accomplished mathematician and economist.
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"The road to success is always under construction. " -- Lily Tomlin, Actress
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TSP
Time Series Econometrics (software)
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