MACRO ECONOMICS

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Across
  1. 1. Rate of people in the civilian labor force who are unemployed and actively seeking.
  2. 6. Facilitates the transactions between buyers and sellers.
  3. 7. Total market value of all Final G & S produced in a nation in a 1 year period.
  4. 10. Number of members of the FED's B.O.G
  5. 12. Value of a currency expressed in terms of the number of goods or services that one unit of money can buy
  6. 14. GDP that is more accurate, adjusted for inflation
  7. 16. measured in current prices.
  8. 19. The U.S. gov't earns revenue through borrowing from other countries with interest or this method
  9. 21. Part of GDP, Spending that makes up the largest % of GDP.
  10. 24. Total # employed + unemployed & actively seeking.
  11. 27. Index used to measure inflation
  12. 28. Part of GDP, businesses investing in capital goods.
  13. 30. Job loss due to a lack of skills, outsourcing or technology
  14. 34. Stage of the business cycle, Economy has been in decline for 2 quarters
  15. 35. Job loss due to a downturn in the economy
  16. 37. Exports minus Imports
  17. 38. Current chair of the FED
Down
  1. 2. US central bank, regulates the money supply in the U.S. with its policies
  2. 3. Economy reaches its lowest point
  3. 4. A fairly new economic concept that occurs when the amount of a product is reduced in size but not price
  4. 5. Name given to the leader of the FED's Board of Governors
  5. 8. Income/money you actually have to spend
  6. 9. Phase of the business cycle, Economy begins to decline
  7. 11. Another name for Recovery Stage and a phase of the business cycle
  8. 13. Highest point of the business cycle - Everything is "good"
  9. 15. Body that implements fiscal policies
  10. 17. Prolonged and more severe recession
  11. 18. Money holds its purchasing power over time
  12. 20. Unemployment that is a temporary transition between jobs
  13. 22. Standard denomination of money used by a country
  14. 23. Period of economic growth, Increase in Real GDP & low unemployment
  15. 25. Rate on loans the FED charges its member banks
  16. 26. Unemployment that occurs as seasons change
  17. 29. Worst type of inflation. Economy is stagnate
  18. 31. Body of the FED that vote to expand or contract the money supply
  19. 32. Number of Federal Reserve district banks
  20. 33. General rise is prices, should be less than 2%
  21. 36. Policies instituted by the FED that directly affect the money supply