Chapter 2 keywords

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Across
  1. 5. An index of the prices paid by producer and wholesalers for commodities such as raw materials, partially finished goods, and finished products.
  2. 7. Inflation that occurs when increases in production costs push up the prices of final goods and services.
  3. 8. The movement of inputs and outputs among households, businesses, and government
  4. 12. An index of the price of a"market-basket" of goods and services purchased by typical urban consumers.
  5. 13. The combination of policies, laws, and choices made by a nation's government to establish the systems that determine what goods and services are produced and how they are allocated.
  6. 14. An increase in a nation's output of goods and services.
Down
  1. 1. The value of what money can buy.
  2. 2. The subareas of economics that focuses on individual parts of the economy such as households or firms.
  3. 3. Short-term unemployment that is not related to the business cycle.
  4. 4. The situation in which the average of all prices of goods and services is rising.
  5. 6. The subarea of economics that focuses on the economy as a whole by looking at aggregate data for large groups of people, companies, or products.
  6. 9. Upward and downward changes in the level of economic activity.
  7. 10. The condition when all people who want to work and can work have jobs.
  8. 11. The study of how a society uses scarce resources to produce and distribute goods and services.