3.5-3.7 Econ Review

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Across
  1. 4. How much money the economy will put out.
  2. 5. The curve that shows the potential output.
  3. 9. When the aggregate output is below the potential.
  4. 11. A _____ level of output occurs with a low level of employment.
  5. 13. What kind of demand shock occurs when AD shifts right?
  6. 14. When workers are scarce and jobs are abundant, SRAS shifts where?
  7. 15. What shifts to bring LRAS back to equilibrium?
  8. 16. A graph used to show the Agg. Demand and Agg. Supply.
  9. 18. When everything in the economy balances out and lines intersect on a graph.
  10. 19. An event that shifts the Aggregate Demand
  11. 20. When the aggregate output is above the potential.
Down
  1. 1. When it takes longer for worker's wages to adjust to current contentions.
  2. 2. When the labor force is being fully used.
  3. 3. How much the economy puts out.
  4. 6. When workers are abundant and jobs are scarce, SRAS shifts where?
  5. 7. A combination of inflation and falling (staggering ) output
  6. 8. When jobs are not plentiful; less of something is available.
  7. 10. Wages/Income given by your employer for services or items supplied.
  8. 12. What kind of demand shock occurs when AD shifts left?
  9. 17. An event that shifts the Aggregate Supply