Annabel Sturtz- Econ Final Project

2. People who believe in little to no trade restrictions (2 words)
4. When the economic progress reduces the need for workers and their skills (2 words)
5. When the government spends less money than it takes in (2 words)
8. A central government makes most or all important economic decisions (2 words)
11. Rapid uncontrolled prices in general
12. The sum of all the people age 16 and above who are either employed or actively seeking a job (2 words)
15. All the owners takes all the risk (2 words)
17. People who favor trade barriers to protect domestic industries
19. A shrinking economy producing fewer goods and services than before
20. Goods that businesses make other goods with (2 words)
23. The bank for other banks in America (2 words)
24. The cost of the next best alternative

1. The worst kind of unemployment (2 words)
3. The FED increases the money supply by making sure that banks have more money and can easily loan it out (3 words)
4. Something intangible that satisfies our wants and needs
6. People do what their parents did for a living and it rejects new ways of doing things and new products (2 words)
7. People are able to choose their jobs and their employer
9. There is a struggle among producers to make good products at a reasonable cost to attract customers
10. Actions by Congress to increase or decrease aggregate demand (2 words)
13. As income goes up, the percentage of your income that you pay in taxes goes down (3 words)
14. Places or “arrangements” that allow buyers and sellers to exchange products
16. Goods that are to be used by customers as they are (2 words)
18. Is the condition that results from society not having enough resources to produce all the things people would like to have
21. Recession and inflation together
22. When the government spends more money than it takes in (2 words)