Across
- 3. a decline in real GDP (output) combined with a rise in the price level (inflation).
- 5. when real GDP stops rising.
- 6. the lowest point in an economic contraction.
- 8. an economic decline marked by falling real GDP.
- 9. investment When the economy is expanding, businesses might expect to increase the goods or services they produce.
- 11. a deep recession with features such as high unemployment and low economic output.
Down
- 1. A period of macroeconomic expansion and contraction.
- 2. set of key economic variables that provide economists with economic data to predict future trends.
- 4. a steady, long term growth in GDP.
- 7. a prolonged economic contraction
- 10. a period of economic growth as measured by a rise in real GDP.