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SMALL BUSINESS: The businesses in our economy that individually produce very little output, have little or no market control, but collectively produce about half of our total production. Most small business owners may aspire to the ranks of the second estate, but they're card-carrying members of the third.
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Lesson 12: Business Cycles | Unit 5: Policies
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Page: 23 of 26
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Stabilization policies try to avoid or correct the problems caused by business cycle instability.- The two most popular are fiscal policy and monetary policy.
- Do nothing 'nonpolicies' might be best in some cases, but are seldom used because people often demand immediate solutions to problems.
- Business cycle instability is indicated by the red line rising above and falling below the long-run trend line.
- The flatter, smoother line is the goal of stabilization policy, to limit business cycle instability.
- Stabilization policies can be either expansionary or contractionary.
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INDEX OF CONSUMER SENTIMENT A measure of consumer attitudes, preferences, and expectations concerning the state of the economy and business-cycle conditions that is compiled each month by the Survey Research Center at the University of Michigan. The Index of Consumer Sentiment is one of two primary measures of consumer attitudes. The other is the Consumer Confidence Index developed by The Conference Board.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time searching for rummage sales wanting to buy either a computer that can play video games and burn DVDs or a black duffle bag with velcro closures. Be on the lookout for florescent light bulbs that hum folk songs from the sixties.
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This isn't me! What am I?
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In the Middle Ages, pepper was used for bartering, and it was often more valuable and stable in value than gold.
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"always remember an epitaph which is in the cemetery at Tombstone, Arizona. It says: „Here lies Jack Williams. He done his damnedest.¾ I think that is the greatest epitaph a man can have ‚ When he gives everything that is in him to do the job he has before him. That is all you can ask of him and that is what I have tried to do. " -- Harry Truman, 33rd US president
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G-7
Group of Seven
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