Across
- 3. any physical property or financial claim that is owned
- 5. a decline in total production lasting at least two consecutive quarters
- 6. workers are overqualified for their jobs or work fewer hours than they would prefer
- 10. the European common currency
- 11. household purchases of final goods and services
- 14. a written order instructing the bank to pay someone from money on deposit
- 15. an amount owed
Down
- 1. firms in the same industry or in related industries that group together in a region
- 2. compares total output to a specific measure of input; usually reflects an average, such as bushels of grain per acre of farmland
- 4. an increase in the economy's price level
- 7. the value of the capital stock that is used up or becomes obsolete in producing GDP during the year
- 8. the phase of economic activity during which the economy's total output increases
- 9. the narrow definition of the money supply; consists of currency (including coins) held by the nonbanking public, checkable deposits, ans traveler's checks
- 10. the structure of economic activity in a locality, a region, a country, a group of countries, or the world
- 12. a decline, or stagnation, of a nation's output accompanied by a rise, or inflation, in the price level
- 13. a broader definition of the money supply consisting of M1 plus savings deposits, and money market mutual fund accounts owned by households
- 16. government agencies charged with implementing legislation and financed through legislative bodies