Economics
Across
- 1. The total supply of goods and services available to a particular market from producers
- 7. Government decisions about taxation and spending to influence the economy
- 10. When the percentage change in quantity demanded or supplied is exactly equal to the percentage change in price
- 12. The theory that consumers determine what goods and services are produced
Down
- 2. The market where new securities are sold to the public for the first time
- 3. A phase in the business cycle where economic activity increases, often involving an increase in supply
- 4. The natural rise and fall of economic growth that occurs over time
- 5. A stock market index that measures the performance of the Australian stock market
- 6. A condition where an individual’s income is insufficient to meet basic needs such as food and shelter
- 8. The cost of the next best alternative foregone when a decision is made
- 9. The cost of borrowing money, typically expressed as a percentage
- 11. The quantity of a good or service that consumers are willing and able to purchase at a given price