The Business Cycle

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Across
  1. 4. Stock prices do this during the trough.
  2. 6. A tool used to measure the health of the economy.
  3. 11. The phase in the business cycle when the economy declines.
  4. 12. Physical products that consumers can buy.
  5. 13. Items that are purchased that you cannot touch, like haircuts and manicures.
  6. 14. The number of phases in the Business Cycle.
  7. 15. A prolonged contraction that lasts over 6 months.
Down
  1. 1. Something that happens in order (January, February, March, etc.)
  2. 2. The GDP reaches this at the peak.
  3. 3. During contraction, businesses will cut this back.
  4. 5. The phase of the business cycle where the real GDP grows.
  5. 7. An extreme recession of more than one year.
  6. 8. When economic indicators reach their highest level.
  7. 9. The stage of the business cycle that marks the end of the declining business activity.
  8. 10. During expansion wages do this.