Economics Crosswrod

2. Demand / A decrease in government spending results in a decrease in _____.
6. / general increase in prices over time
11. / models strategic interactions of firms in oligopoly markets
12. / tax where the proportion of income paid in taxes rises as income rises
14. / excess burden caused from not being at the competitive market equilibrium
16. / competition that has only one firm that sets prices
17. / factor market in which there is a sole firm that has market power
18. / an increase in money supply increases the quantity of investment demanded because of a decrease in ____.
20. / a grant or contribution used to increase the supply of goods with positive externalities

1. / the period of time in which state of the economy declines
3. / costs that are not affected by changes in output
4. / when the interest rates in a country rise, the value of their ______ increases.
5. / loss of funds for private investment caused by government borrowing
7. / recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
8. / the percentage of the workforce that is unemployed
9. / indirect costs included in economic profit
10. / minimum price below which the product cannot be sold
13. / when actions of a person have an impact on others
15. / curve that shows increasing opportunity costs
19. / C I G (X – M)