March 17, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
RISK LOVING: A person who values a certain income less than an equal amount of income that involves risk or uncertainty. Suppose that you have two options--(A) a guaranteed $1,000 or (b) a 50-50 chance of getting either $500 or $1,500. If you chose option B, then you're risk loving. While both options give you the same "expected" values, you get more satisfaction from the risky option than the guaranteed one. In fact, risk loving people are willing to pay for the opportunity to experience a risky situation.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 12: Business Cycles | Unit 3: Measurement Page: 12 of 26

Topic: Indicators <=PAGE BACK | PAGE NEXT=>

Since the 1930s Great Depression, when the modern study of economics was prompted, economists have sought indicators of business cycles.

Some indicators are:

  • Real GDP, the unemployment rate, and the inflation rate are useful measures, but they measure only specific aspects of the economy. These may not be the best indicators of overall business cycle activity.Economists have identified three sets of indicators to track business cycles:
    • Leading indicators.
    • Coincident indicators.
    • Lagging indicators.

Course Home | Lesson Menu | Page Back | Page Next


An analysis that illustrates how the choices between two players affect the outcomes of a "game." Game theory is commonly used to explain the behavior and decision making of oligopolistic firms. It illustrates that cooperation, rather competition, between two "players" can lead to an outcome that is more beneficial to both players.

Complete Entry | Visit the WEB*pedia


[What's This?]

Today, you are likely to spend a great deal of time at an auction hoping to buy either a T-shirt commemorating next Thursday or a birthday gift for your uncle. Be on the lookout for a thesaurus filled with typos.
Your Complete Scope

This isn't me! What am I?

During the American Revolution, the price of corn rose 10,000 percent, the price of wheat 14,000 percent, the price of flour 15,000 percent, and the price of beef 33,000 percent.
"If football taught me anything about business, it is that you win the game one play at a time."

-- Fran Tarkenton, Football Player

American Assocation of Small Business
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback

| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2018 AmosWEB*LLC
Send comments or questions to: WebMaster