chapter 3 vocab- Tyler Scott

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Across
  1. 2. the total amount of money a government owes
  2. 4. the rise and fall of economic activity
  3. 5. rise in business activity after recession
  4. 7. when government spends more on programs than it collects in taxes
  5. 10. Congress and president enact laws that impact fiscal ______
  6. 12. is the level of material comfort as measured by goods and services
  7. 14. areas can change the _____ of the economy
  8. 16. Economist compute the ___ of goods
  9. 18. economic activity slows down
  10. 19. sometimes major ____ can change the economy
Down
  1. 1. one of the most important indicators of status of economy
  2. 3. a _____ of nearly 50%
  3. 6. is a general decrease in the price of goods and services
  4. 8. is a deep recession that affects the entire economy
  5. 9. revenue exceeds its expenditures during a one-year period
  6. 10. is a peak of economic activity
  7. 11. Individuals have an _____ role on the market for goods and services
  8. 13. is a general increase in the price of goods and services
  9. 15. you may _____ goods or services for a certain price
  10. 17. cannot find work during a given ____