Crossword Puzzle In AE
Across
- 1. Subset of economics that focuses on the decision of smaller agents.
- 8. A general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.
- 10. Also known as wage-push inflation, occurs when overall prices increase due to increases in the cost of wages and raw materials.
- 13. A along the cure shows the change in quantity given a change in price.
- 17. Goods that are demanded or consumed along with other goods.
- 19. Three Economic Question.
- 21. Subset of economics that focuses on aggregates and group of agents.
- 23. The satisfaction or usefulness the consumption of a good can bring.
- 25. If demand for a good increases as income increases, the good is considered a ______.
- 27. The intellectual capacity to organize and put together other factors of production to produce goods and services the society needs.
- 30. A set of actions to control a nation's overall money supply and achieve economic growth.
- 31. Happens when there is excess demand. Price falls below the equilibrium price.
- 32. All administrations have been played by __________ cases.
- 35. Refers to investments made to improve production
- 37. Considered as social science as it seeks to study humans with emperical tools.
- 38. Three Economic Question.
- 40. Focuses on the value of goods and services produced in an given time period with constant prices.
Down
- 2. Pricefloors for labor.
- 3. Refers to an increase in the average price levels of an economy's basket of goods and over a period time.
- 4. Refers to resources that can be attributed to the land or the sea
- 5. A word from french which means "lead alone"
- 6. Aregoods and services that vary inversely with income.
- 7. Any improvement in _______ or techniques in production enable firms to produce more.
- 9. Preference is thw order of an individual's choices and alternatives based on their relative utility(satisfaction).
- 10. Can be classified as Command Economy. Means equal distribution in one economy.
- 11. The use of government spending and taxation to influence the economy.
- 12. Refers to the value of the gross domestic product that is not adjusted for inflation.
- 14. A representation of a change in the quantity of a good or service demanded at every price level due to various economic factors.
- 15. Happens when there is excess supply. Price falls above the equilibrium price.
- 16. Direct cost that usually involve cash transaction
- 17. People decide how to allocate their limited resources
- 18. Indirect cost of action
- 20. Goods that are demanded or consumed in place of another good.
- 22. Compulsory contribution to the government.
- 24. Refers to a tangible human element in the production process
- 26. It refers to instances when demand for goods and services exceeds the available supply of those goods and services in the economy.
- 28. Occurs when workers demand higher wages to keep up with rising living costs.
- 29. The condition where people lack the resources to meet their basic needs.
- 30. It is where buyers and sellers meet to exchange goods and services.
- 31. The limited liability to a resource good or service.
- 33. The money you receive in exchange for your labor or products.
- 34. It is the set of all quantities demanded at different price levels.
- 36. It is the set of all quantities supplied at different price levels.
- 39. Three Economic Question.
- 41. a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology.