Across
- 2. Curve used to show inequality
- 3. C+I+G+(X-M)
- 6. when GDP falls for more than two consecutive quarters or six months
- 9. branch of economics deals with the economy as a whole
- 11. two words,provided all other variables remain the same.
Down
- 1. a sustained increase in the average price level over a period of time
- 3. GDP divided by population
- 4. an economic concept used to measure the change in the aggregate quantity demanded of a good or service in relation to price movements of that good or service
- 5. a model used to show the tradeoffs associated with allocating resources between the production of two goods
- 7. Total amount of money earned by a nation's population and businesses
- 8. Resources that are rivalrous and non-excludable
- 10. a direct or indirect payment to individuals or firms, usually by the government