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Ch. 2 Economic Activity

Name:
Across
The movement of an economy from one condition to another and back again.
The sales of durable and nondurable goods bought by consumers.
Spending by businesses for items such as land, buildings, and equipment.
A period in which demand, production, and GDP growth decrease and unemployment begins to rise.
A period in which unemployment is low, businesses produce many goods and services, and wages are good.
The total value of all final goods and services produced in a country in one year.
The total amount owed by the federal government.
Represents ownership in a corporation.
Government spends more than it takes in.
Down
The portion of people in the labor force who are not working.
The phase in which unemployment decreases, demand for goods and services increases, and GDP begins to rise.
A phase marked by a long period of high unemployment, weak consumer sales, and business failures.
The GDP divided by the total population of a country.
Government spends less than it takes in.
Salaries and wages as well as investment income and government payments to individuals.
Production output in relation to a unit of input, such as a worker.
A number that compares prices in one year with prices in some earlier base year.
A decrease in the general price level.
An increase in the general price level.
Represents debt for an organization.