Quiz Economics Group D

1234567891011121314151617181920
Across
  1. 4. What output gap occurs if actual output is less than what an economy could produce at full capacity?
  2. 7. What triggers a housing market bubble burst?
  3. 8. What does a negative output gap suggest about resources?
  4. 12. What's the outcome of increased trade union activity?
  5. 16. When sharp falls in grain commodities, what happens to SRAS?
  6. 17. To address rising inflation or balance it budget the government may start to ?
  7. 19. The difference between the actual level of GDP and its estimated long-term value at a point in time is known as the___ ___
  8. 20. How does a negative output gap affect unemployment?
Down
  1. 1. Either positive or negative output gap, if some factors of production in the economy are underutilized?
  2. 2. what is the time period in trend of growth?
  3. 3. A stock market crash reduces the wealth of individual who like to reduce their ____
  4. 5. and ___
  5. 6. How is the output gap addressed?
  6. 9. What is the output gap's significance?
  7. 10. An increase in trade union activity could see large wage increases that will raise the price level substantially. What happened to aggregate supply?
  8. 11. In one year, the actual economic growth rate is likely to be above or below the___ ___
  9. 13. If the positive output gap persists, what happens to cost in the economy?
  10. 14. What happens to the inflation of a country if there is a negative output gap?
  11. 15. When the actual GDP growth falls below the trend rate of growth, there is a ____output gap.
  12. 18. What do we call, if the positive output gap increases the cost?