Across
- 1. Unemployment caused by the move from expansion to recession in the business cycle
- 6. Uninterrupted grown of GDP
- 9. Total value of all final goods produced in a country in a specific period of time
- 10. Tangible items that are bought
- 11. People currently working
- 12. All human-made goods used in the production of other goods and services
- 13. Payments to households in the resource market for lending money for capital purchases
- 15. Numbers adjusted for inflation
- 16. Payments to households in the resource market for selling labor
- 19. Tracks the monthly changes in prices
- 21. Market where households are the sellers and firms are the buyers
- 22. All production inputs provided by nature
- 24. Unemployment that occurs as workers move between jobs
- 26. Taking risks and organizing the factors of production to start a business
- 27. People out of work and actively looking for work
- 28. Market where firms are sellers and households are the buyers
- 29. Out of work and not actively looking for work
Down
- 2. The general rise in prices over time
- 3. Number of employed plus the unemployed
- 4. Intangible items that usually involve paying a firm to do something for you
- 5. GDP decreases for two or more quarters
- 7. Payments to households in the resource market to entrepreneurs whose business revenue exceeds costs
- 8. Regular ups and downs of GDP
- 14. The work of employees possessing human capital
- 17. Unemployment that occurs when workers' skills are obsolete or no longer needed
- 18. Tool used to convert between nominal and real GDP
- 20. Payments to households in the resource market for the use of land
- 23. Numbers not adjusted for inflation
- 25. Model that shows how households, businesses, and the government interact with one another in the economy