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OLIGOPOLY CHARACTERISTICS: The three most important characteristics of oligopoly are: (1) an industry dominated by a small number of large firms, (2) firms sell either identical or differentiated products, and (3) the industry has significant barriers to entry.

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Lesson 12: Business Cycles | Unit 3: Measurement Page: 14 of 26

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

Coincident economic indicators move along with the aggregate economy. They mark the business cycle.
  • We don't know how the economy is doing until after the fact. Real GDP is released every three months. Coincident indicators are available monthly.
  • The four coincident indicators are measures of production, employment, income, and sales.
  • The Composite Index of Coincident Indicators, displayed in the graph, combines all four. Turns in this index mark business cycle peaks and troughs.
  • Leading and coincident indicators work together. Leading indicators forecast turning points. Coincident indicators turn 3 to 12 months later.

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ECONOMY

The system of production, distribution, and consumption of goods and services that a society uses to address the problem of scarcity.

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APLS

GREEN LOGIGUIN
[What's This?]

Today, you are likely to spend a great deal of time calling an endless list of 800 numbers wanting to buy either a large red and white striped beach towel or a bottle of blackcherry flavored spring water. Be on the lookout for celebrities who speak directly to you through your television.
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This isn't me! What am I?

Lewis Carroll, the author of Alice in Wonderland, was the pseudonym of Charles Dodgson, an accomplished mathematician and economist.
"Man is born to live, not to prepare for life. "

-- Boris Pasternak, writer

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Comsumer Union of the United States
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