Real GDP - Gross Domestic Product after it has been adjusted for inflation, Recession - a period of declining economy actively lasting six months or longer, Expansion - period of growth in economic activity, tend to be longer than recessions, Depression - State of economy with high unemployment, severely depressed real GDP and general economic hardships, Civilian Labor Force - “all civilians, 16 or older, who are either working or are looking for work.”, Unemployment Rate - the percentage of people in the civilian workforce who are not working but are looking for jobs, fixed income - income that remains the same each month and does not have the potential to go up when prices are rising, Inflation - the long-term increase in the general levels of prices, Bear Market - period during which stock prices are in decline for a substantial period, Bull Market - period during which stock prices steadily increase,

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