Module Four Crossword Puzzle

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Across
  1. 2. Money / Anything that serves as money while having market value in other uses.
  2. 4. Deposits / The total of checking account balances in financial institutions convertible to currency "on demand" by writing a check without advance notice.
  3. 6. / Money, including coins and paper money,
  4. 7. / The phase of the business cycle in which real GDP reaches its maximum after rising during a recovery.
  5. 9. Rate / The percentage of people in the civilian labor force who are without jobs and are actively seeking jobs.
  6. 13. / An Increase in the general (average) price level of goods and services in the economy.
  7. 15. Goods / Finished goods and services produced for the ultimate user.
  8. 16. Money / Money accepted by law and not because its redeemability or intrinsic.
  9. 17. Price Index / An index that measures changes in the average prices of consumer goods and services.
  10. 21. / A reduction in the rate of inflation.
  11. 22. / The phase of the business cycle in which real GDP reaches its minimum after falling during a recession.
  12. 23. Income / The total income received by households that is available for consumption, saving, and payment of personal taxes.
  13. 24. / The direct exchange of one good or service for another good or service for another good or service rather than for money.
Down
  1. 1. Gap / The difference between actual real GDP and potential or full-employment real GDP.
  2. 3. / The practice of having work for a company performed by the company's employees located in another country.
  3. 5. / The value of the stock of assets owned at some point in time.
  4. 8. / An extremely rapid rise in the general price level.
  5. 10. Indicators / Variables that change after the real GDP changes.
  6. 11. / A decrease in the general (average) price level of goods and services in the economy.
  7. 12. Flow Model / A diagram showing the exchange of money and resources between households and businesses.
  8. 14. GDP / The value of all final goods based on the prices existing during the time period of production.
  9. 18. of Value / The ability of money to hold value over time.
  10. 19. GDP / The Value of all final goods produced during a given time period based on the prices existing in a selected base year.
  11. 20. Personal Income / The amount of income that households actually have to spend or save after payment of personal taxes.