Across
- 2. commonly used measure of inflation
- 4. fairness in economics
- 5. GDP when taking into account inflation
- 7. type of unemployment that life guards experience
- 10. demand-pull and cost-... inflation
- 11. economist who stated that increasing demand was the best way to get out of a recession
- 13. decrease in the general price level
Down
- 1. wages may be downwardly inflexible, or said differently, they may be ...
- 3. two quarters of consecutive negative growth
- 6. for long term growth we want this line to shift out
- 8. unemployment occurring when economy is producing at full-employment level
- 9. on a business cycle, what comes after a trough but before an expansion?
- 12. curve that shows an income distribution