Maribeth's Crossword

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Across
  1. 2. cycle- is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession.
  2. 5. is a business cycle contraction which results in a general slowdown in economic activity. ... In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock).
  3. 6. Gross Domestic Product
  4. 11. economic condition that occurs when an industry or market changes how it functions or operates.
  5. 14. Products- These goods are sold between industries for resale or for the production of other goods.
  6. 16. the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling
  7. 18. s the phase of the business cycle when the economy moves from a trough to a peak. It is a period when the level of business activity surges and gross domestic product (GDP) expands until it reaches a peak. A period of expansion is also known as an economic recovery.
Down
  1. 1. index-A measure of economic well-being for a specified economy, computed by taking the sum of the unemployment rate and the inflation rate for a given period. An increasing index means a worsening economic climate for the economy in question, and vice versa.
  2. 3. periodic fluctuations in certain business areas that occur regularly based on a particular season.
  3. 4. the highest point between the end of an economic expansion and the start of a contraction in a business cycle
  4. 7. type of industry that is sensitive to the business cycle, such that revenues are generally higher in periods of economic prosperity and expansion and lower in periods of economic downturn and contraction.
  5. 8. exports- refer to the value of a country's total exports minus the value of its total imports.
  6. 9. a low turning point or a local minimum of a business cycle.
  7. 10. state of being unemployed.
  8. 12. a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate).
  9. 13. is a deliberately fabricated account of something.
  10. 15. employment-is the level of employment rates where there is no cyclical or 。deficient-demand unemployment.
  11. 17. GDP-is gross domestic product (GDP) evaluated at current market prices,