Across
- 4. is a sustained, long-term downturn in economic activity in one or more economies.
- 7. has got four phases: Recovery, Boom, Recession, and Depression.
- 9. the level of wealth, comfort, material goods and necessities available to a certain socioeconomic class or a certain geographic area.
- 10. a low turning point or a local minimum of a business cycle
- 12. is the natural fluctuation of the economy between periods of expansion and contraction
- 14. is a phenomenon that occurs when a person who is actively searching for employment is unable to find work
- 16. is the phase of the business cycle when the economy moves from a trough to a peak.
Down
- 1. a cycle or series of cycles of economic expansion and contraction.
- 2. one of the primary indicators used to gauge the health of a country's economy
- 3. A period of significant output within a population
- 5. what the government wants to achieve
- 6. an increase in the number of goods and services produced per head of the population over a period of time.
- 8. significant decline in activity across the economy, lasting longer than a few months.
- 11. the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.
- 13. occurs after the business cycle peaks but before it becomes a trough
- 15. the highest point between the end of an economic expansion and the start of a contraction in a business cycle.
