Across
- 2. Pattern of economic expansions and contractions
- 5. When government revenue exceeds spending
- 6. Policy used to slow inflation through higher interest rates
- 7. Value of one currency compared to another
- 10. GDP divided by population
- 11. General rise in the price level over time
- 12. Short-run relationship between price level and output
- 14. Index measuring life expectancy, education, and income
- 15. Canada’s goal to keep inflation near 2%
- 17. Government use of spending and taxation
- 19. Tax system where higher incomes pay higher rates
- 22. Two consecutive quarters of negative GDP growth
- 23. When government spending exceeds revenue
- 25. Key interest rate set by the Bank of Canada
- 26. Inflation caused by excess demand
Down
- 1. Percentage of the labour force without a job
- 3. Index used to measure changes in the cost of a basket of goods
- 4. Inflation caused by rising production costs
- 8. Policy used to boost the economy through lower interest rates
- 9. GDP measured using current prices
- 13. Cost of borrowing money
- 16. Idea that $1 of spending creates more than $1 of economic activity
- 18. Long-run maximum sustainable output
- 20. GDP adjusted for inflation
- 21. Bank of Canada actions to influence interest rates and money supply
- 24. Total value of all final goods and services produced in a country