kenzie-jesselyn-callista-fritz

123456789101112131415161718192021
Across
  1. 8. Which output gap is the ideal output gap?(1 words)
  2. 10. What is being affected by the presence of the demand-side shock?( 2 words)
  3. 11. What term describes the irregular changes in economic activity over time?(2 words)
  4. 13. Stock market may crash if the stock markets rise__?(2 words)
  5. 16. An economic ___ indicates how effectively an economy is expanding in terms of its size and productivity over a certain period of time. (2 words)
  6. 17. The trend rate of growth is assumed to be an approximation of the average of growth of? __(1 words)
  7. 18. What measures the productive capacity over time?(2 words)
  8. 19. What does the government do to close a negative output gap?(2 words)
  9. 21. What can a positive output gap cause?(1 word)
Down
  1. 1. Potential growth is measured by the change in ___(2 words)
  2. 2. What happened to the production factors when there’s a negative output gap? (1 words)
  3. 3. What is the main difficulty of measuring output gaps?(2 words)
  4. 4. What is an example of demand side-shocks?(2 words)
  5. 5. A positive output gap can only be achieved in the(2 words)
  6. 6. When there is a sharp rise in the value of a currency against other currencies, it reduces the competitiveness in the economy, leading to a fall in exports and imports, lowering the AD. This is an example of __ (2 words)
  7. 7. What term describes a rise in aggregate demand driven by external sales?(2 words)
  8. 9. What effect might a natural disaster have on economic production?(2 words)
  9. 12. Economists also refer to potential output as (2 words)
  10. 14. The difference between the actual level of real GDP and its estimated long-term value at a point in time is known as the __?(2 words)
  11. 15. All negative output shocks that could move the economy into a __output gap?(1 words)
  12. 20. A negative output gap means there is a __?(2 words)