Bonner - Puzzle
Across
- 1. - What happens if aggregate demand is increasing faster than aggregate supply?
- 3. - What is the primary responsibility of consumers in our economy?
- 4. - What is the basic problem in economics?
- 6. - Which type of system allows individuals the greatest amount of freedoms?
- 10. - According to the “law of supply”, as the price of a product increases, the quantity supplied will..
- 14. - The willingness and ability to take a risk and act on your business is called what?
- 17. - A tax is _____ when people with a higher income are taxed at a higher rate than those with a lower income.
- 20. - Which of the five statistical measures of the economy is the broadest measure of economic growth?
- 21. - What is the largest form of debt that most people will have in their lifetime?
- 22. - The price at which the quantity supplied matched the quantity demanded is defined as what?
- 23. - What type of financial institution is likely to loan money at the highest interest rate?
- 24. - Goods and services the government provides which help everyone are called...
- 25. - What was the first U.S monopoly to encourage national actions to control or eliminate monopolies and trust?
Down
- 2. - The money that you’re charged for borrowing money is called?
- 5. - What type of financial insituision is likely to offer you the best interest rate?
- 7. - A tax is _____ when people with a lower income are taxed at a higher rate than those with a higher income.
- 8. - In the U.S which area of the economy frequently subtracts from the GDP?
- 9. -If a good has many substitutes, its price is more likely to be…
- 11. -The cycle of ups and downs in the economy is known as...
- 12. - What is the greatest impact on “quantity demanded”?
- 13. - When you receive a check from the government, where does that money come from?
- 15. - A tax is _____ when all members of the society are taxed at the same rate.
- 16. - Once an economy has stopped shrinking and begun growing, we call this phase...
- 18. - The study of how people, businesses, and nations use their limited resources is defined as what?
- 19. - What is the value of your next best alternative for your time and/or money