AP Macro Unit 5 Review

Across
3.	When the PPC shifts outward, or the LRAS shifts to the right, this shows economic _____.
5.	When there is a recession, _____ is high.
6.	What you do with government spending for expansionary fiscal policy.
8.	A characteristic of countries with high growth rates: Rule of _____
9.	Deficit _____ is the trade-off of increasing government spending without raising taxes.
11.	A characteristic of countries with high growth rates: _____ system
13.	The _____ of money is the average times a dolar is spent and re-spent in a year.
15.	The adverse effect of government borrowing on interest-sensitive private sector spending, known as _____ out.
16.	Federal programs that require payment to any eligible person. This spending is mandatory (transfer payments).
18.	A characteristic of countries with high growth rates: _____ capital
19.	A budget _____ is when annual government spending is greater than tax revenue.

Down
1.	A budget _____ is when annual government spending is less than tax revenue.
2.	This curve shows the tradeoff between inflation and unemployment.
4.	Decreasing the money supply increases interest rates which decreases _____ spending which decreases AD and rGDP.
7.	The accumulation of all the budget deficits over time, _____ debt.
9.	What you do with bonds for contractionary monetary policy.
10.	Increasing _____ spending increases AD and rGDP.
12.	A characteristic of countries with high growth rates: _____ stock
14.	Increasing taxes decreases _____ spending which decreases AD and rGDP.
17.	The best measure of standard of living - real GDP per _____.