17.1 Basics of the Economy

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Across
  1. 1. interest rate Feds charge banks to borrow $
  2. 8. businesses sell similar products
  3. 9. measure of change in price over time
  4. 11. competing for business based on price
  5. 12. money saved and used for purchases later
  6. 20. long period of severe economic contraction
  7. 21. overall increase in prices of goods/services
  8. 22. financial assistance to a business or entity
  9. 23. period of slow growth and high inflation
  10. 24. % of labor force w/o work and looking
  11. 29. money is a measure of the worth of gds/srvs
  12. 33. single seller or producer of a product/service
  13. 34. no single seller controls market prices
Down
  1. 1. overall decrease in price of goods/services
  2. 2. comp. advantages not based on price
  3. 3. value of goods/services workers create
  4. 4. regulates money & banking systems
  5. 5. how a market is organized based on sales
  6. 6. data used to evaluate health of economy
  7. 7. govt. spends more revenue than received
  8. 10. total money govt owes at a given time
  9. 13. market value of goods/services per person
  10. 14. money for goods and services needed
  11. 15. Fed govt's taxing and spending decisions
  12. 16. govt. receives more than it spends
  13. 17. part-time workers overqualified for job
  14. 18. illegal/dishonest activities to price fix
  15. 19. best indicator of economic growth
  16. 25. a few large companies dominate the industry
  17. 26. mechanism used to provide/manage money
  18. 27. purchase of goods/services by consumers
  19. 28. anything of value accepted for goods or services
  20. 30. all people in a nation capable of working
  21. 31. time period of growth and well being
  22. 32. total amount of money available anytime