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Across
  1. 2. a school of thought that stresses the importance of stable monetary growth to control inflation and stimulate long-term growth
  2. 4. (two words, no space) a system requiring financial institutions to set aside a fraction of deposits in legal reserves
  3. 8. (two words, no space) a policy with high interest rates designed to restrict access to credit
  4. 9. (two words, no space) a policy with low interest rates designed to expand access to credit
  5. 10. (two words, no space) the price of credit to a borrower
  6. 11. the central banking system of the United States of America
  7. 12. (two words, no space) actions by the Fed to expand or contract the money supply and availability of credit
Down
  1. 1. (two words, no space) a technique used by the fed to keep interests rates low and encourage banks to take on more loans to stimulate the economy
  2. 3. (two words, no space) currency and deposits used to meet the reserve requirements
  3. 5. (two words, no space) formula used to compute the amount of a depository institution's required reserves
  4. 6. controls in the form of regulations that make it illegal for firms to give raises or raise prices without government permission
  5. 7. (two words, no space) a hypothesis that the supply of money directly affects the price level over the long run