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DISPOSABLE INCOME: The total income that can be used by the household sector for either consumption or saving during a given period of time, usually one year. This is the income left over after income taxes and social security taxes are removed and government transfer payments, like welfare, social security benefits, or unemployment compensation are added.

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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.

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OLIGOPOLY AND MONOPOLY

Oligopoly and monopoly have some similarities, both tend to be relatively large and possess significant market control, but also have a few important differences, oligopoly market has more than one firm. The dividing line between oligopoly and monopoly, however, can be blurred due to the closeness of substitutes and the inclination of oligopoly firms to collude.

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APLS

ORANGE REBELOON
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Today, you are likely to spend a great deal of time at the confiscated property police auction seeking to buy either throw pillows for your bed or a package of blank rewritable CDs. Be on the lookout for bottles of barbeque sauce that act TOO innocent.
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The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
"Whenever you fall, pick up something. "

-- Oswald Avery, scientist

OECD
Organization for Economic Co-operation and Development
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