AP Macro Vocab Review

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Across
  1. 2. a general increase in prices overall
  2. 4. ______ stabilizer e.g. progressive income tax
  3. 7. supply > demand; downward pressure on price
  4. 8. type of unemployment caused by new technology
  5. 11. slope of LRAS curve
  6. 13. ____ advantage: lower opportunity cost
  7. 15. bottom of business cycle
  8. 16. most widely reported price index
  9. 18. sum of frictional and structural unemployment
  10. 19. economic policy of Congress & the president
Down
  1. 1. the way the AD curve slopes
  2. 3. GDP not adjusted for inflation
  3. 5. slope of SRAS curve
  4. 6. output ____: difference between potential and actual
  5. 9. GDP adjusted for inflation
  6. 10. demand > supply; upward pressure on price
  7. 12. 2 consecutive quarters of falling GDP
  8. 14. unit of ___________ costs
  9. 15. terms of ____ are usually mutually beneficial
  10. 17. maximum point in business cycle