Across
- 4. What output gap occurs if actual output is less than what an economy could produce at full capacity?
- 7. What triggers a housing market bubble burst?
- 8. What does a negative output gap suggest about resources?
- 12. What's the outcome of increased trade union activity?
- 16. When sharp falls in grain commodities, what happens to SRAS?
- 17. To address rising inflation or balance it budget the government may start to ?
- 19. The difference between the actual level of GDP and its estimated long-term value at a point in time is known as the___ ___
- 20. How does a negative output gap affect unemployment?
Down
- 1. Either positive or negative output gap, if some factors of production in the economy are underutilized?
- 2. what is the time period in trend of growth?
- 3. A stock market crash reduces the wealth of individual who like to reduce their ____
- 5. and ___
- 6. How is the output gap addressed?
- 9. What is the output gap's significance?
- 10. An increase in trade union activity could see large wage increases that will raise the price level substantially. What happened to aggregate supply?
- 11. In one year, the actual economic growth rate is likely to be above or below the___ ___
- 13. If the positive output gap persists, what happens to cost in the economy?
- 14. What happens to the inflation of a country if there is a negative output gap?
- 15. When the actual GDP growth falls below the trend rate of growth, there is a ____output gap.
- 18. What do we call, if the positive output gap increases the cost?