Chapter 13 Cross Words

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Across
  1. 4. wage/ incomes that does not increase even when prices go up
  2. 6. grant/ federal funds given to states in lumps sums.
  3. 8. theory that inflation occur when producers raise in order to meet increased cost
  4. 9. spiral/ the process by which rising wages cause higher prices, and higher rices cause higher wages
  5. 10. distributed/ how the nations total income is distributed among its population
  6. 12. ability to purchase good and services
  7. 13. a general increase in price
  8. 15. stamp/ government issued coupons that recipients exchange food
  9. 16. basket/ a representative collection of goods and services
  10. 17. a sustained drop in the price level
  11. 18. inflation that is out of control
Down
  1. 1. rate/ percentage rate of change in price level over time
  2. 2. rate/ percentage of people who live in households with income below the officail poverty line
  3. 3. measurements that show how the average price standards group of goods and service over time
  4. 5. theory that inflation occurs when demand for goods and services exceeds existing supplies
  5. 7. theory/ theory that too much money in the economy causes inflation
  6. 11. rate/ rate of inflation excluding affects of foods and energy prices
  7. 14. price index (cpi)/ determine by measuring the price of a standard group of goods
  8. 19. curve/ curve that illustrates income distribution