Across
- 2. not the final good
- 3. decline in purchasing power
- 5. Per Capita means
- 7. unexpected event that dramatically changes economic direction
- 11. Output stops increasing, high inflation
- 12. Decreasing output, rising unemployment
- 13. Inflation hurts this group because wages buy less
- 16. Negative inflation
- 17. total market value of all final goods/services produced
- 18. Thriftstore items don't count because they are
- 19. Everything business buys sector
- 20. Output starts increasing, lowest point
- 23. Foreign goods
- 24. Largest portion of GDP, households
- 25. The theory where businesses increase prices to keep up with inflation
Down
- 1. the theory when demand exceeds supply
- 4. shoveling snow at my own home, doesn't count
- 6. Increasing output, decreasing unemployment
- 8. The tool used to measure the cost of goods and services bought by a consumer
- 9. the large-scale parts of economic activity
- 10. Selling illegal drugs
- 14. $100 venmo from Grandma on my bday
- 15. GDP declines for 2 or more quarters
- 21. _______ can profit from inflation when there is no wage increase
- 22. Real GDP considers