Economics ABC book

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Across
  1. 4. a severe recession that continues for a long period of time.
  2. 7. when the Federal Reserve buys or sells bonds.
  3. 8. the rapid increase in prices, inflation that is out of control.
  4. 9. popular type of auto financing that allows you to “rent” a car from a dealership for a certain length of time and amount of miles.
  5. 10. The difference between what you owe on your mortgage and what your home is currently worth.
  6. 11. when an economic expansion hits a high point. The economy is BOOMING
  7. 15. The Market Value of all final goods and services produced in a country in a year.
  8. 16. Security that represents the ownership of a fraction of the issuing corporation. Units of stock are called "shares"
  9. 18. the economy is growing and improving.
  10. 19. When GDP is negative for two consecutive quarters. The economy is doing poorly.
  11. 21. The percentage of unemployed workers in the total labor force.
  12. 22. The money paid to a worker in return for their work.
  13. 23. The market in which employers search for employees, and where employees search for jobs.
  14. 24. says that too much money in the economy causes inflation. The general price level of goods and services is directly proportional to the amount of money in circulation
  15. 25. Current price estimates of GDP that are obtained by expressing values of all goods and services produced in the current reporting period.
  16. 26. spending by people abroad on U.S. goods and services (exports) minus spending by people in the U.S. on foreign goods and services (imports).
Down
  1. 1. members of a particular organization or population who are able to work, viewed collectively.
  2. 2. Central banking system of the United States of America.
  3. 3. A product used to produce a final good or finished product
  4. 5. a way of budgeting where your income minus your expenses equals zero.
  5. 6. an index used to calculate the inflation rate.
  6. 12. illustrated graph of the growth and decline of an economy as economic activity increases and decreases periodically.
  7. 13. A bottom or low point. Marks the end of a recession or depression
  8. 14. The Federal Reserve uses its ______________ tools to increase and decrease the MONEY SUPPLY.
  9. 17. When you are unemployed because your skills don’t match the job(s) available (consumer preferences) Jobs that are permanently lost; workers skill do not match the jobs that are available or in demand
  10. 20. Spending by businesses on machinery, factories, Equipment, tools, and construction of new buildings.