20 distinct crosswords covering the chapter on Long Run Economic Growth
Across
- 4. : An increase in the overall level of prices in the economy.
- 5. : Endogenous theory suggests growth can be ______ (never-ending).
- 7. : Patents grant a temporary ______ power to encourage innovation.
- 8. : Levies used to fund government but which can distort incentives.
- 10. : GDP ______; a measure of the price level calculated as nominal GDP divided by real GDP
- 13. : Spending on new capital equipment and structures.
- 15. : Budget ______; when tax revenue exceeds government spending.
- 17. : Protection for artistic and literary works.
- 18. : A limit on the quantity of a good that can be produced abroad and sold domestically.
- 19. : A claim to partial ownership in a firm.
Down
- 1. : The people engaged in or available for work.
- 2. : Roads, bridges, and power lines provided by the government.
- 3. : The portion of income not consumed; it finances investment.
- 5. : ______ rights; the ability of people to exercise authority over the resources they own.
- 6. GDP : The production of goods and services valued at constant prices.
- 9. : A certificate of indebtedness; an IOU.
- 11. : Budget ______; when government spending exceeds tax revenue (reduces national saving).
- 12. : The real ______ rate is the cost of borrowing adjusted for inflation.
- 14. : A tax on imported goods.
- 15. : Financial assistance paid to a business or economic sector.
- 16. : The limited nature of society's resources.