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What is the term for a government's spending exceeding its tax revenue in a given period?
Answer
Budget deficit
What is the term for the total value of goods and services produced by a country's residents, including income from abroad?
Answer
Gross National Product
What is the term for the lowest point of an economic cycle before recovery?
Answer
Trough
What is the common term for a significant decline in economic activity lasting more than a few months?
Answer
Recession
Which U.S. government agency publishes the monthly unemployment rate?
Answer
Bureau of Labor Statistics
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Which U.S. government agency publishes the monthly unemployment rate?
Answer
Bureau of Labor Statistics
Which index measures the cost of labor for U.S. employers, including wages and benefits?
Answer
Employment Cost Index
What is the name of the interest rate that the Federal Reserve aims to set to influence monetary policy?
Answer
Federal funds rate target
What does the acronym 'JOLTS' stand for?
Answer
Job Openings and Labor Turnover Survey
Which index published by the Conference Board forecasts economic activity six to nine months ahead?
Answer
Leading Economic Index
What is the term for a general increase in prices over time?
Answer
Inflation