Macro Unit 2 Review

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Across
  1. 5. The unemployment rate that exists when the economy is producing at full employment real output
  2. 6. The study of the economy at large
  3. 7. ______ Unemployment is when companies let go of individuals when they may not be needed at the current time
  4. 9. The expenditures approach to GDP
  5. 10. what we use to measure CPI
  6. 11. dollar value of all goods and services accounting for inflation
  7. 13. People who are actively working and actively looking for jobs
  8. 14. dollar value of all goods and services not accounting for inflation
  9. 15. when cyclical unemployment = 0
Down
  1. 1. How much the price level increases
  2. 2. _______ Unemployment occurs when skilled workers are no longer needed in that field and must find something else to do
  3. 3. how we measure how expensive everything is
  4. 4. Cycle a graph used to show economic activity in a country
  5. 7. How money is tracked in the economy
  6. 8. ______ unemployment occurs for a short time while people transition jobs
  7. 12. The main way we measure economic growth