Economics Theme

Economics Theme 8 - Macroeconomics


By: Dr. Nabil Chaiban


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Across

  1. A weighted average of the prices of a representative market basket of goods and services that represents consumption patterns in some base time period.
  2. A nominal interest determined by financial market activity or agreed to by both borrower and lender.
  3. The use of changes to the money supply, liquidity, lending ability to affect aggregate economic activity.
  4. The difference between the current level of aggregate output below the full-employment level of output.
  5. Negative growth in Real GDP for two or more fiscal quarters.
  6. A positive change in the level of aggregate output or Real GDP.
  7. An increase in the price level over some defined time period.
  8. Changes in taxes collected or spending by the Federal Government in the goal of affecting aggregate economic activity.
  9. Economic policy that affects aggregate spending or the ability to spend.
  10. Direct Financial Markets facilitating the trading of equities and long-term debt instruments.
  11. A model of consumption spending based on lifetime spending needs of an individual and lifetime participation in the workforce.
  12. A relationship between Real GDP (ouptut) and the Price level based on production relationships.

Down

  1. The accumulation of deficits (government spending in excess of tax revenue collected) over time.
  2. Macroeconomic policy designed to slow the rate of economic growth.
  3. An account of all transactions (current, capital, balance) among trading nations.
  4. A relatively new monetary policy tool used by the Federal Reserve system when other traditional tools become ineffective. Refers to the purchase of other assets to inject liquidity into the economy.
  5. The study of how a given society allocates scarce resources to meet (or satisfy) the unlimited wants and need of its members.
  6. A payment to a private individual or firm from the government usually intended to encourage a certain type of economic activity.