KEY TERMS

Acyclical, p. 326

aggregate demand, p. 345

aggregate supply, p. 345

boom, p. 316

business cycle, p. 316

business cycle chronology, p. 316

coincident variable, p. 326

comovement, p. 317

contraction, p. 316 countercyclical, p. 326 depression, p. 316 expansion, p. 316 index of leading economic indicators, p. 339

job finding rate, p. 331

job loss rate, p. 331

lagging variable, p. 326

leading variable, p. 326

peak, p. 316

persistence, p. 318

procyclical, p. 326

recession, p. 316

trough, p. 316

turning points, p. 316

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