Match the words and phrases in columns A with their definitions in column B.
- a monetary measure of the value of all final goods and services produced in a period (quarterly or yearly)
- a period of high economic growth characterized by rising economic activity
- a period of time in which all costs are variable; longer than one year
- a period of time in which certain types of inputs cannot be increased or decreased
- a temporary depression in economic activity or prosperity
- boom
- capable of being maintained at a steady level without exhausting natural resources or causing severe ecological damage
- challenge
- gross national product
- long run
- rate of inflation
- recession
- short run
- something that is difficult because one must use a lot of effortand skill in order to be successful
- sustainable
- sustained increase in the general price level of goods and services in an economy over a period of time
- to consider or remember something when judging a situation
- to overheat
- to take into account
- to tend towards inflation, often as a result of excessive growth in demand
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