Macro-Economics: Group Activity
Across
- 4. the statistical study of human populations.
- 6. the total supply of goods and services produced within an economy at a given overall price in a given period.
- 7. the percentage increase in the level of prices over a given period that is expected by participants in an economy.
- 9. this is an increase or upward trend in spendable money that tends to result in increased competition for available goods and services.
- 10. this is an increase or upward trend in production costs (such as wages) that tends to result in increased consumer prices irrespective of the level of demand
Down
- 1. a line superimposed on a chart revealing the overall direction of the data.
- 2. measures the total amount of demand for all finished goods and services produced in an economy.
- 3. this type of inflation occurs when workers expect their salaries or wages to increase when prices of goods and services increase to help maintain their living costs.
- 5. this type of inflation is rapid, excessive, and out-of-control general price increases in an economy.
- 8. the rate of increase in prices over a given period of time.