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Across 1. gatekeeper of U.S. economy 7. out of control inflation 9. level of unemployment below which inflation rises 11. the rate that financially sound banks must pay for this "primary credit." 15. changeover from contraction to expansion 16. high inflation and high unemployment 18. decrease in general prices of goods 21. opposite of exports 22. Part of GDP; purchase of software, or purchase of machinery and equipment for a factory 24. rise in prices of goods 25. unemployment when there is a lack of demand for labor

Down 2. Part of GDP; the amount a country produces 3. a certain amount of funds in reserve to meet unexpected outflows 4. normally the largest GDP component in the economy 5. GDP component; the sum of government expenditures on final goods and services 6. decrease in rate of inflation 8. the market value of all final goods and services produced within a country in a given period 10. when the economy encounters a downturn 12. when the economy as a whole is in a decline 13. stimulating the economy by increasing money supply 14. Beach lifeguards are unemployed during the winter 17. unemployment when workers change jobs in search of better opportunities. 19. unemployment resulting from a mismatch between demand in the labour market and the skills and locations of the workers seeking employment 20. when the economy moves from trough to peak 23. transition from expansion to contraction