Chapter 3 Vocab

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Across
  1. 2. the rules
  2. 4. an amount of time
  3. 5. special importance or value
  4. 6. the rise and fall of economic activity over time
  5. 8. when the government spends more on programs than it collects in taxes
  6. 9. the total amount of money a government owes
  7. 11. a general increase in the price of goods and services
  8. 12. the total measure how many goods and services produced in a country in a given year
  9. 14. a deep recession that affects the entire economy and lasts for several years
  10. 15. a particular amount of money
  11. 17. a rise in business activity after a recession or depression
  12. 18. a peak of economic activity
  13. 20. a sudden change
Down
  1. 1. another word for large
  2. 3. something that has been bought
  3. 7. the level of material comfort as measured by the goods and services that are available
  4. 10. when a governments revenue exceeds its expenditures during a one-year period
  5. 13. becomes smaller, or fewer
  6. 16. a general decrease in the price of goods and services
  7. 19. economic activity slows down