Business Cycles

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Across
  1. 1. a general and sustained increase in prices
  2. 2. this describes the way in which consumers look at the economy
  3. 3. the term used to describe the average potential GDP of an economy
  4. 7. the term used to describe fluctuations of actual output around the trend
  5. 9. another name for the growth phase in the business cycle
  6. 10. the difference between potential and actual output
  7. 11. the phase of the business cycle that follows from a recovery
Down
  1. 1. this happens to consumer spending, investment, sales and profits during the growth phase
  2. 4. the length of a business cycle is _________________
  3. 5. the phase that happens before a depression
  4. 6. this is another term that can be used to describe a trough or depression
  5. 7. this is another term that can be used to describe a peak
  6. 8. the _____________of a business cycle is irregular