MACROECONOMICS

4. economist who stated that increasing demand was the best way to get out of a recession
5. type of unemployment that life guards experience
7. gov't spending, exports & investments
9. two quarters of consecutive negative growth
11. commonly used measure of inflation
13. on a business cycle, what comes after a trough but before an expansion?

1. curve that shows an income distribution
2. for long term growth we want this line to shift out
3. decrease in the general price level
6. demand-pull and cost-... inflation
8. fairness in economics
9. GDP when taking into account inflation
10. wages may be downwardly inflexible, or said differently, they may be ...
12. unemployment occurring when economy is producing at full-employment level