chapter 3 vocab - stephen mckay

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Across
  1. 2. a length of time
  2. 3. typically of something regarded as good become smaller
  3. 4. domestic product the total value of the goods and services produced in a country in a given year
  4. 6. of living the level of material comfort as measured by the goods and services that are available
  5. 9. surplus a situation in which a government's revenue exceeds its expenditures during a one year period
  6. 11. a general increase in the cost of goods and services
  7. 13. special importance or value given to something
  8. 15. a deep recession that effects the entire economy and lasts for several years
  9. 16. a rise in business activity
  10. 17. certain amount of money
  11. 19. debt the total amount of money the government owes
Down
  1. 1. cycle the rise and fall of economic activity all over
  2. 5. move or cause to move from one place to another
  3. 7. a general decrease in the cost of goods and services
  4. 8. get something by paying for it
  5. 10. a peak of economic activity
  6. 12. very large in size
  7. 14. a slowdown of economic activity
  8. 18. course or principle of action adopted or proposed by a government