Econ review

12345678910111213141516171819202122232425262728293031323334
Across
  1. 2. the idea that there is some unseen force directing the economy
  2. 4. general rise in prices
  3. 10. by-product of business decision that can effect a community
  4. 13. portion of ownership in a business
  5. 14. giving up some of one thing to have more of another
  6. 15. the act of putting money into an asset to make a profit
  7. 16. government policy which manipulates taxes and spending
  8. 20. land, labor, and capital
  9. 22. goods used to produce other goods
  10. 25. as price goes up quantity supplied goes up
  11. 27. business structure where one person ownes everything
  12. 29. type of economy where decisions are made by a central authority
  13. 30. policy which manipulates the amount of money in the economy
  14. 31. graph showing the increases and decreases in gdp
  15. 33. something a person creates to keep track of her money
  16. 34. the next best thing given up when making a choice
Down
  1. 1. graph that demonstrates the opportunity costs between two goods
  2. 3. the education needed to perform a job
  3. 5. on the vertical axis of the supply and demand graph
  4. 6. suppliers need these to make their products
  5. 7. the cost of a loan
  6. 8. artificial price set by the government, prices may not fall below it
  7. 9. economics is the study of how this is dealt with
  8. 11. the measure of total production in the economy
  9. 12. total gdp divided by the population
  10. 17. commonly called "the Bank's Bank"
  11. 18. market with no real competition among businesses
  12. 19. where supply and demand meet
  13. 21. it should decrease when gdp increases
  14. 23. type of economic system in the US
  15. 24. business with its own legal identity and shareholders
  16. 26. phase of the business cycle where gdp is growing
  17. 28. phase of the business cycle where gdp is negative
  18. 32. type of unemployment that occurs when the job is no longer necessary in the economy