Eco Chapters 12 & 13 Extra Credit

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1.
A period of economic growth in the business cycle
2.
The height of economic expansion in the business cycle
3.
business cycle phase that is a recession/depression
4.
A period of economic decline in the business cycle
5.
The Great _______
6.
In 2008 the U.S. experienced a ________
7.
The business cycle has ___ phases
8.
A general increase in price
9.
Being a lifeguard in the summer is an example of ______ unemployment
10.
Employment that would be achieved by having no cyclical unemployment
11.
Type of unemployment that results from workers having a specific skill
12.
Type of unemployment that results from workers being between jobs like after college
13.
Gross National Product abbreviated is
14.
The threshold in which income level is below which income is insufficient to support families or household
15.
The rate percentage of the nation's labor force that is not employed