Across
- 3. type of financial goal that will be targeted into your 30s and 40s
- 8. another word for contraction when referred to the business cycle
- 9. part of the business cycle when GDP decreases and unemployment rates increase
- 16. a type of "power" that reflects how much of a good/service you can afford to buy
- 18. an acronym representing the steps involved in planning your financial goals
- 19. a term used to refer to the increase in prices
- 20. a measure used to reflect the overall rate of production of total goods/services
- 22. this acronym represents the rate of inflation
- 23. part of the business cyle when GDP is high, consumer spending is high, unemployment is low
- 24. the central bank of the US which controls interest rates on loans in an effort to keep inflation at a reasonable rate
- 25. a percentage assigned to reflect the amount of our income that we are likely to spend rather than save
Down
- 1. the value of all of your assets
- 2. the acronym GDP stands for ___________ Domestic Product
- 4. used to measure the value of items exchanged in the form of dollars
- 5. type of asset that is owned in "paper" form
- 6. the "M" in SMART goals
- 7. the "I" in CPI
- 10. the "R" in SMART goals
- 11. a low point in the business cycle when GDP is low and interest rates drop
- 12. a type of asset that includes personal property such as real estate and cars
- 13. the point in the business cycle when growth reaches a high point
- 14. type of financial goals that is intended to be accomplished within a year
- 15. a term used to represent the quality of necessities and comforts that we enjoy is called ___________ of living
- 17. the "players" in the overall economy include the government, business and ________
- 18. the "S" in SMART goals
- 21. the amount of money that you owe or debt needed to pay back