Name:_________________________
Block:_______Date:______________
Economics
CBM #7
1.
2.
3.
4.
5.
6.
7.
8.
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inflation
economic indicators
gross domestic product (GDP)
unemployment rate
inflation rate
consumer price index (CPI)
business cycle
recession
9.
10.
11.
12.
13.
14.
15.
16.
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fiscal policy
monetary policy
deficit spending
stagflation
multiplier effect
easy-money policy
tight-money policy
crowding-out effect
A. The possible effect
of government
borrowing on
businesses and
consumers
B. A combination of
economic stagnation and
high inflation
C. The market value of
all the goods and
services produced
within a country
during a year
D. A recurring pattern
of growth and
decline in
economic activity
over time
E. Government policy
regarding taxing
and spending
F. A monetary policy
designed to slow the rate
of growth of the money
supply in order to reduce
inflation
G. Government
spending in excess of
what is collected in
revenues
H. Statistics that help
economists judge
the health of an
economy
I.
J.
An increase in the overall
price level of goods and
services produced in the
economy
K. A measure of price
changes in consumer
goods and services
L. Central bank policy
aimed at regulating
the amount of
money in
circulation
N. A monetary policy
designed to accelerate
the rate of growth of the
money supply in order to
stimulate economic
growth
O. The percentage
increase in the
average price level of
goods and services
from one month or
year to the next
P. A ripple effect in
which a change in
spending by one
person or business
leads to additional
changes in
spending by
another person or
business
The percentage of
the labor force that
is not employed
but is actively
seeking work
M. A period of
declining national
economic activity,
usually measured
by decreases in
GDP