Question

part 1 unscramble
directions unscramble the following vocabulary words that were discussed in chapter 2.

1. rutviipdcyt
2. ctisko
3. yiiqcu
4. orseisnec
5. ladfetnoi
6. ertinsetetar (2 words)
7. sptytopirer
8. prixscedine (2 words)
9. lftiinano
10. fdegtubitedci (2 words)
11. vycrereco
12. nycbeusciless (2 words)

part 2 matching
directions in the answers column, write the word or phrase from part 1 above that correctly matches each statement below.

1. a period in which most people who want to work have a job, wages are good, businesses are producing a record number of goods, and the rate of gross domestic product (gdp) growth is increasing
2. can be increased by an improvement in management techniques
3. although there is a decrease in prices, people have less money to buy products
4. a situation where a government spends more money than it takes in over a period of time
5. a period in which unemployment begins to rise, demand begins to decrease, and businesses lower production
6. an increase in prices and a decrease in the buying - power of the dollar
7. represents the cost of money
8. a phase represented by an increase in employment, demand for goods, and the gdp
9. movement of the economy from one condition to another
10. represents ownership in a corporation

part 3 name that measure
directions in the answers column match the following economic measures with their descriptions.
a. gross domestic product (gdp)
c. consumer price index (cpi)
b. unemployment rate
d. retail sales

1. compares the prices of a group of selected items each year to some earlier year
2. the total dollar value of all final goods and services produced each year in a country
3. monthly measure of the sales of durable and nondurable goods bought by consumers
4. the most widely used measure of national output
5. the percentage of people in the labor force who are willing to work, are looking for work, but are unable to find work

Explanation:

For Part 1, unscramble the words based on economic - related vocabulary knowledge. For Part 2, match the unscrambled words to economic situation descriptions. For Part 3, match economic measures to their descriptions using knowledge of economic indicators.

1. Part 1 Unscramble:

• 1. productivity
• 2. stocks
• 3. liquid
• 4. recession
• 5. inflation
• 6. interest rate
• 7. prosperity
• 8. price ceiling
• 9. national
• 10. budget deficit
• 11. recovery
• 12. business cycle

1. Part 2 Matching:

• 13. prosperity
• 14. productivity
• 15. deflation (implied by decrease in prices and less money to buy products)
• 16. budget deficit
• 17. recession
• 18. inflation
• 19. interest rate
• 20. prosperity
• 21. business cycle
• 22. stocks

1. Part 3 Name That Measure:

• 23. C. Consumer Price Index (CPI)
• 24. A. gross domestic product (GDP)
• 25. D. retail sales
• 26. A. gross domestic product (GDP)
• 27. B. unemployment rate

Answer:

1. productivity
2. stocks
3. liquid
4. recession
5. inflation
6. interest rate
7. prosperity
8. price ceiling
9. national
10. budget deficit
11. recovery
12. business cycle
13. prosperity
14. productivity
15. deflation
16. budget deficit
17. recession
18. inflation
19. interest rate
20. prosperity
21. business cycle
22. stocks
23. C. Consumer Price Index (CPI)
24. A. gross domestic product (GDP)
25. D. retail sales
26. A. gross domestic product (GDP)
27. B. unemployment rate