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Published on Dec 03, 2015

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PRESENTATION OUTLINE

1.

ECONOMIC CONDITIONS CHANGE

DANNY OATES, KELCI WILLIAMS, MAX SIERON, CONNOR LI, CASEY ARNOLD
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2.

BUSINESS CYCLE

  • Recurring ups and downs of GDP
  • Prosperity, Recession, Depressions, Recovery
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3.

PROSPERITY

  • Period where people who want to work are working
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4.

RECESSION

  • Period in which demand begins to decrease
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5.

DEPRESSION

  • Phased marked by a period of prolinged unemployment weak consumer sales, and business failures
  • Ex: Stock market crash of 1929
  • Great Depression
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6.

RECOVERY

  • Phase where unemployment begins to decrease
  • Demand for goods increases
  • GDP begins to rise
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7.

INFLATION

  • Increase of general level of prices
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8.

PRICE INDEX

  • Comparison of prices from year to anotherz
9.

DEFLATION

  • Decreased general level of prices

Casey Arnold