Across
- 1. True or false: CPI stands for "Citizen Privilege Index"
- 5. A period between a peak and a trough where there is significant decline in economic activity
- 8. Which of these are the best determining factor of how an economy is performing? | a). Real GDP b). Nominal GDP c). CPI d). Government Spending
- 12. The end of a period of declining business activity
- 14. _______ unemployment occurs when there is a decrease in demand for labor based on the time of year
- 15. The share of the labor force without work
- 17. Real GDP grows for two or more consecutive quarters
- 18. _______ unemployment arises when workers are searching for new jobs or are transitioning from one job to another
- 19. True or false: GDP stands for "Gross Domestic Product"
- 20. All expenditures made by a government
Down
- 2. A sustained increase in an economy's real GDP
- 3. A cycle of economic expansion and contraction
- 4. Which branch of economics studies the behavior and decision making of the economy as a whole? | a). Microeconomics b). Free Market c). Environmental d). Macroeconomics
- 6. Which period comes first in a business cycle? | a). Trough b). Peak c). Recession
- 7. _______ unemployment is the result of a business not having enough demand for labor to employ all those looking for work
- 9. A sustained period of significant economic decline
- 10. The value of a country's total exports minus the value of its total imports
- 11. ______ unemployment is a longer-lasting form of unemployment caused by the economy
- 13. A measure of the average change over time in the prices paid by consumers for a representative basket of consumer goods and services
- 16. A rising general level of prices
