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Chapter 7-9

MacroEconomics Tues./Thurs 1-2:30 p.m.

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Across
1.Rate of mortgage interest does not increase with inflation.
3.Employee not fully using their productive potential.
6.Never at 0%, because seasonal, frictional and structural are always present.
7.A period in which real GDP falls. (2 consecutive quarters)
12.______ rate: The percentage increase in price level.
15.Foreign Exchange ______ : Monies of different countries are traded.
17.Every transaction is recorded in at least _____ accounts for "Double Entry Bookkeeping".
18._____________ of Payments: Summary statement or record of all international transactions of one country with the rest of the world.
Down
1.These happen in the economy between growth and stagnation forming the business cycle
2.___________ spending is determined by income, wealth, expectations of future changes, demographics and income taxes.
4.A severe prolonged economic recession or contraction.
5.One of four components of Aggregate Expenditures.
8.Product of business cycle fluctuations
9.Rate of mortgage interest increases with inflation.
10.General price level changes cause this along the aggregate demand curve.
11.Occurs on aggregate demand curve because of wealth, interest rate, real balance, and international tade effects.
13.Labor _____: Some one who is working or actively seeking work.
14.Collected and published by the Bureau of Labor Statistics for unemployment.
16.Foreign Exchange ______ : Price of one countries currency in terms of another countries currency.

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