Chapter 3 Vocab

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Across
  1. 2. power
  2. 3. slowdown of economic activity
  3. 4. situation in which a government's revenue exceeds its expenditures during a one-year period
  4. 7. the total value of the goods and services produced in a country in a given year
  5. 11. to buy
  6. 13. when the government spends more on programs than what it collects in taxes
  7. 14. the rise and fall of economic activity over time
  8. 16. a general decrease in the cost of goods and services
  9. 18. big or huge
  10. 20. to decrease
Down
  1. 1. a peak of economic activity
  2. 5. the level of material comfort as measured by the goods and services that are available
  3. 6. the total amount of money a government owes
  4. 8. laws or fiscal ______
  5. 9. total of goods and services
  6. 10. a deep recession
  7. 12. a general increase in the cost of goods and services
  8. 15. rise in business activity after a recession or depression
  9. 17. a certain time slot in the economy
  10. 19. can change a nation's economy; different leaning of a side