Key Terms and Vocab

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Across
  1. 1. a particular amount of money
  2. 3. the total amount of money a government owes
  3. 6. the total value of the goods and services produced in a country in a given year
  4. 9. a slowdown of economic activity
  5. 11. a deep recession that effects the entire economy and lasts for several years
  6. 12. when the government spends more on programs than it collects in taxes
  7. 14. a general decrease in the cost of goods and services
  8. 15. 1.special importance, value, or prominence given to something
Down
  1. 1. 1.move or cause to move from one place to another, especially over a small distance
  2. 2. a length or portion of time
  3. 4. the rise and fall of economic activity over time
  4. 5. a peak of economic activity
  5. 7. a rise in business activity after a recession or depression
  6. 8. the level of material comfort as measured by the goods and services that are available
  7. 10. a situation in which a government revenue exceeds its expenditures during a one-year period
  8. 13. a general increase in the cost of goods and services