Across
- 3. increase of average price of goods and services
- 4. market value of all final goods and services produced in a nation over a year
- 8. total income in household to be spent
- 14. GDP reaches maximum point after rising during recovery
- 16. GDP - depreciation of capital worn out in producing output
- 18. narrowest definition of money supply
- 19. inputs in final good production
- 20. money; coin or paper
- 21. difference between actual real GDP and potential real GDP
- 22. value of stock of assets owned at some point in time
- 23. used as a reference point
Down
- 1. actual amount of money received
- 2. finished goods and services produced for consumers
- 5. government payment to individual
- 6. serves as medium of exchange
- 7. serves as money and has market value in other uses
- 9. variables that change before GDP changes
- 10. when money can hold value over time
- 11. variables that change after real GDP changes
- 12. sum of spending for final goods during period of time
- 13. reduction in rate of inflation
- 15. GDP reaches minimum point after falling during recession
- 17. decrease in average price of goods and services
- 23. exchange one good/service for another instead of for money