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