Macro Economics

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Across
  1. 2. Pattern of economic expansions and contractions
  2. 5. When government revenue exceeds spending
  3. 6. Policy used to slow inflation through higher interest rates
  4. 7. Value of one currency compared to another
  5. 10. GDP divided by population
  6. 11. General rise in the price level over time
  7. 12. Short-run relationship between price level and output
  8. 14. Index measuring life expectancy, education, and income
  9. 15. Canada’s goal to keep inflation near 2%
  10. 17. Government use of spending and taxation
  11. 19. Tax system where higher incomes pay higher rates
  12. 22. Two consecutive quarters of negative GDP growth
  13. 23. When government spending exceeds revenue
  14. 25. Key interest rate set by the Bank of Canada
  15. 26. Inflation caused by excess demand
Down
  1. 1. Percentage of the labour force without a job
  2. 3. Index used to measure changes in the cost of a basket of goods
  3. 4. Inflation caused by rising production costs
  4. 8. Policy used to boost the economy through lower interest rates
  5. 9. GDP measured using current prices
  6. 13. Cost of borrowing money
  7. 16. Idea that $1 of spending creates more than $1 of economic activity
  8. 18. Long-run maximum sustainable output
  9. 20. GDP adjusted for inflation
  10. 21. Bank of Canada actions to influence interest rates and money supply
  11. 24. Total value of all final goods and services produced in a country