1. Miss Smith 7 th Grade Civics *pgs. 534-537

2.  Business cycle- _________ pattern in which an economy goes through _____ times and ___ times  Expansion- period of the _________ cycle marked by ______  Inflation- rise in the ____ of goods and services  Prices ________/____ when there are more ___________ to compete for goods and services

3.  Costs of production- business _____ such as wages, payments for ___ materials, transportation, and ________ on money borrowed  This could cause prices to ____  Peak- _____ point in the business cycle when _________ and ________ stop  Contraction- ____ period in business cycle

4.  Recession- period in the business cycle when businesses ___, people become ___________, and profits fall  Trough- _______ point in the business _____  Depression- very low ______ when unemployment becomes very ____

5.  Took place in the ______  Stock prices ____ and banks ______  Production ______, businesses ______  Lasted ___ years

6. *Do not write  Place the following events leading to the Great Depression in correct order:  A) One in four people unemployed  B) Stocks fell sharply  C) Banks failed

7.  The ___ Deal (established by _______ __ Roosevelt) included ways to improve the __________. This included the creation of:  More ____(_____construction/building parks and schools, etc.)  The ____ and ___  The _______ ________ system