The Passing of Grandison. What racial sterotypes does Charles W Chesnutt explore in The Passing of Grandison?. One racial stereotype is that slaves did not have feelings like most people. It was typical for a white man to feel that a black man did not love or feel.
Contraction: A slowdown in the pace of economic activity defined by low or stagnant growth, high unemployment, and declining prices. It is the period from peak to trough. Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.
The LAGGING indicators include: 1  The unemployment rate (percentage of the workforce that is unemployed. 2  This lags the economy in part because the workforce used to calculate the percentage changes. 3  Specifically, it shrinks as the economy collapses and some job-seekers give up or take part-time work.