Across
- 1. highest level of economic activity
- 4. a person who uses and buys goods and services
- 10. prolonged recession
- 11. real GDP falls for at least six months in a row
- 12. economic system where private parties own means of production
- 14. Mao's "Great _____ Forward"
- 15. things you buy
- 17. lowest level of economic activity
Down
- 2. period of economic growth
- 3. gross domestic ______
- 5. a job a person provides and is paid for
- 6. period of economic decline
- 7. the exchange of something
- 8. buying a good or service and paying for it later
- 9. _______ cycle: recurring pattern of change as economy expands and contracts
- 13. a person who makes goods or provides a service
- 16. a good or service owed to another