Across
- 4. a severe recession that continues for a long period of time.
- 7. when the Federal Reserve buys or sells bonds.
- 8. the rapid increase in prices, inflation that is out of control.
- 9. popular type of auto financing that allows you to “rent” a car from a dealership for a certain length of time and amount of miles.
- 10. The difference between what you owe on your mortgage and what your home is currently worth.
- 11. when an economic expansion hits a high point. The economy is BOOMING
- 15. The Market Value of all final goods and services produced in a country in a year.
- 16. Security that represents the ownership of a fraction of the issuing corporation. Units of stock are called "shares"
- 18. the economy is growing and improving.
- 19. When GDP is negative for two consecutive quarters. The economy is doing poorly.
- 21. The percentage of unemployed workers in the total labor force.
- 22. The money paid to a worker in return for their work.
- 23. The market in which employers search for employees, and where employees search for jobs.
- 24. says that too much money in the economy causes inflation. The general price level of goods and services is directly proportional to the amount of money in circulation
- 25. Current price estimates of GDP that are obtained by expressing values of all goods and services produced in the current reporting period.
- 26. spending by people abroad on U.S. goods and services (exports) minus spending by people in the U.S. on foreign goods and services (imports).
Down
- 1. members of a particular organization or population who are able to work, viewed collectively.
- 2. Central banking system of the United States of America.
- 3. A product used to produce a final good or finished product
- 5. a way of budgeting where your income minus your expenses equals zero.
- 6. an index used to calculate the inflation rate.
- 12. illustrated graph of the growth and decline of an economy as economic activity increases and decreases periodically.
- 13. A bottom or low point. Marks the end of a recession or depression
- 14. The Federal Reserve uses its ______________ tools to increase and decrease the MONEY SUPPLY.
- 17. When you are unemployed because your skills don’t match the job(s) available (consumer preferences) Jobs that are permanently lost; workers skill do not match the jobs that are available or in demand
- 20. Spending by businesses on machinery, factories, Equipment, tools, and construction of new buildings.