Economics - Cumulative Project

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Across
  1. 1. An acceptable level of unemployment just above 0%
  2. 5. Money stored somewhere for unforeseen situations
  3. 6. Trade without restrictions
  4. 8. Measure of preferences over some goods and services
  5. 9. The practice of shielding a country's industries from foreign competition by taxing imports
  6. 10. Global network that deals with international trade
  7. 12. A retirement account allowing a person to set aside after-tax income up to a certain amount each year
  8. 13. Government backed currency
  9. 15. The lowest a price can be
  10. 16. The central banking system of the United States
  11. 19. In short supply
  12. 21. When income exceeds expenditures
  13. 23. The decrease of value in money due to too much in circulation
  14. 26. indicators CPI, GDP, etc. are these
  15. 28. When a country can produce more of a product with less, comparatively, than its competitors
  16. 31. Agreement between the U.S., Canada and Mexico
  17. 33. Too much of something
  18. 34. Fought against heavy involvement by the government in the economy
  19. 35. Control at the hands of a few powerful entities
  20. 36. Believed that governments should play a heavy role in a country's economy
  21. 37. Government provided benefits to those meeting certain requirements
  22. 39. Measure of average income per person in a country
  23. 42. An economic low point
  24. 43. How the government monitors and influences a country's economy
  25. 44. For every dollar, there is gold somewhere to back it up
  26. 45. When an economy is unhealthy and shrinking
  27. 46. When an economy is healthy and growing
  28. 47. The economic system of total control by the government
  29. 48. The economic system of partial control by the government
Down
  1. 1. The freedom of businesses to operate for profit with little governmental regulation
  2. 2. Form of financial support given to a specific economic sector
  3. 3. An Austrian and British economist and philosopher best known for his defense of classical liberalism
  4. 4. The lowest amount that an employee can be paid
  5. 7. A lack of something
  6. 11. An increase in the value of a country's currency
  7. 14. When a country's imports are greater than its exports
  8. 17. When a country can produce more of a product than its competitors
  9. 18. The effectiveness of efforts in industries to get something done
  10. 20. The system of economic freedom
  11. 22. The hands-off policy
  12. 24. The total assets minus total outside liabilities of an individual or a company
  13. 25. Examination of additional benefits of an activity compared to the additional costs
  14. 27. Complete domination by a single entity
  15. 28. Statistical estimate made by using the prices of a sample of items whose prices are recorded periodically
  16. 29. The value of all finished goods and services produced in a country in a certain time period
  17. 30. Used to create a reaction in the economy
  18. 32. The way in which the money-based authority of a country controls the supply of money
  19. 38. The highest a price can go
  20. 40. An economic high point
  21. 41. Wrote 'Wealth of Nations', father of free trade