Unit 6 Warm-up

2. "Spending on capital goods that will be used to produce goods and services in the future."
5. "GDP adjusted for changes in price levels to reflect actual output."
7. "A measure that examines the weighted average of prices of a basket of consumer goods."
10. "A phase in the business cycle where GDP is increasing and unemployment is decreasing."
11. "Individuals who stop looking for work because they believe no jobs are available."
13. "A general increase in prices and a decrease in the purchasing power of money."
14. "The percentage of the labor force that is actively seeking work but unable to find jobs."
16. "The spending by households on goods and services."
17. "Unemployment caused by a downturn in the economy."
18. "The value of a country’s exports minus its imports."

1. "Unemployment caused by individuals transitioning between jobs or entering the workforce."
3. "Unemployment caused by changes in the economy, making some skills obsolete."
4. "All people aged 16 and over who are working or actively seeking work."
6. "A general decrease in prices over time."
8. "A period of economic decline characterized by falling GDP and rising unemployment."
9. "The periodic rises and falls in economic activity over time."
12. "The monetary value of all final goods and services produced within a country in a year."
15. "GDP measured in current prices and current output."