Across
- 3. measure of efficiency of a person completing a task
- 4. nemployment that results directly from cycles of economic upturn and downturn
- 7. downward and upward movement of gross domestic product
- 9. Two or more consecutive quarters of negative GDP growth.
- 12. macroeconomic model that describes the flows of resources, goods and services, and income between the parts of the economy.
Down
- 1. unemployment which exists in any economy due to people being in the process of moving from one job to another.
- 2. measure of the value added created through the production of goods and services in a country during a certain period
- 5. quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time
- 6. A macroeconomic policy by which the government influences interest rates in order to adjust a nation’s economy.
- 8. The study of large-scale economic performance and growth. Key macroeconomic measures are GDP, inflation, and unemployment.
- 10. unemployment resulting from industrial reorganization
- 11. A macroeconomic policy by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.