Econ101 Module 4

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Across
  1. 5. unemployment, unemployment caused by changes in the industrial makeup (structure) of the economy
  2. 7. of thought, a cohesive way of thinking about a subject
  3. 11. ("allow to do" in French); the view that governments should allow firms to conduct their business without interference
  4. 13. the items that a firm owns
  5. 14. money, the use of an actual good in place of money
  6. 17. price index (CPI), a measure of the price level
  7. 18. economics, a school of thought that stresses the importance of aggregate supply and generally believes that the economy can adjust back to full employment equilibrium on its own
  8. 19. the purchase of final goods and services by households, excluding new housing
  9. 21. good, a good sold to final users
  10. 22. sheet, an accounting statement that summarizes a firm's key financial information
  11. 23. the trade of a good or service without a commonly accepted medium of exchange
Down
  1. 1. an extremely high rate of inflation that completely stymies economic activity
  2. 2. goods and services produced domestically but purchased and used abroad
  3. 3. hazard, a phenomenon seen when a party that is protected from risk behaves differently from the way it would behave if it were fully exposed to the risk
  4. 4. the growth in the overall level of prices in an economy
  5. 6. a short-term economic downturn that typically lasts about 6 to 18 months
  6. 8. risk, the risk that a borrower will not repay the full value of a debt
  7. 9. consumption goods, goods that are consumed over a long period
  8. 10. economics, a school of thought that stresses the importance of aggregate demand and generally believes that the economy needs help in moving back to full employment equilibrium
  9. 12. unemployment, unemployment caused by delays in matching available jobs and workers
  10. 14. unemployment, unemployment caused by economic downturns
  11. 15. workers, those who are not working, have looked for a job in the past 12 months and are willing to work, but have not sought employment in the past 4 weeks
  12. 16. bank, the bank for the banks; its roles include controlling the money supply, providing loans to struggling banks, and regulating the banking system
  13. 20. run, an event occurring when many depositors attempt to withdraw their funds at the same time