Chapter 3 Self-Checks

Match it! Select the correct answer from the pull down...Good luck!

The United States economy is shaped by a mixture of public and ______ forces.

A deep slow down in economic activity that affects the entire economy and lasts for several years is called a ______ .

The United States had an agricultural-based economy during the ______ .

A rise in business activity after a recession or depression is called ______ .

The Great Depression began in ______ .

When a government's revenue exceeds it expenditures during a one-year period, it has a ______ .

Economic activity slows down during a ______ .

When a downturn in one industry causes a downturn in another industry, it is called a ______ effect.