Econ Final Project - Mrosewske

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Across
  1. 4. increasing the money supply
  2. 8. a list of prices and the quantities demanded
  3. 10. 4% or lower CPI (consumer price index)
  4. 11. people are free to engage in market transactions as they see fit
  5. 13. the government plan for collecting taxes and spending
  6. 16. how quickly prices are rising every year
  7. 18. 5% or lower unemployment rate
  8. 19. money paid to businesses
  9. 20. goods that can be used in place of each other
  10. 23. something tangible that satisfies our wants or needs
  11. 24. when the government spends more money than it takes in
Down
  1. 1. the condition that results from society not having enough resources to produce all the things we would like to have
  2. 2. where most of the government's (money) revenue comes from
  3. 3. decreasing the money supply
  4. 5. places or arrangements that allow buyers and sellers to exchange products
  5. 6. there is no such thing as free lunch
  6. 7. a bank for banks
  7. 9. the percentage of 16+ who want a job but don’t have one
  8. 12. a “shrinking” economy producing fewer goods and services than it did before - or GDP (gross domestic product) decreasing
  9. 14. both recession and inflation together
  10. 15. when a change in price caused a big change in quantity demanded
  11. 16. when a change in price causes a small change in quantity demanded
  12. 17. goods that are used together
  13. 21. something intangible that satisfies our wants or needs
  14. 22. costs of the next-best alternative use of money, time, or resources when making a choice