Economics Final by O.F.

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Across
  1. 4. The ice cream machine at McDonald's is broken, so people buy milkshakes instead. In this situation, the milkshakes are which determinant of demand?
  2. 5. This type of economy changes over time and people can make decisions that are in their best interests. The U.S. has this type of economy.
  3. 9. When both buyers and sellers willingly make a transaction that they will both benefit from. (2 words)
  4. 12. This type of spending does not need to be approved by Congress.
  5. 14. Sally left her job and is unemployed because she wanted to follow her passion and start a restaurant that specialized in making banana and mayonnaise sandwiches. Which type of unemployment is this?
  6. 15. The best kind of interest because instead of earning just from the original investment you earn off all of the money. This leads to the exponential growth of your money.
  7. 16. The government makes the maximum price for cars $1. All cars sell out instantly. The car industry dies. The environment is in shambles. What kind of price control is this?
  8. 18. A large influential company called Mega corp. has many stocks that sell for a lot of money. Mega Corp. is currently the most influential infrastructure company in the U.S. What kind of company is this? (2 words)
  9. 20. The FED increases the money supply because there is a recession. What kind of monetary policy is this?
  10. 21. Instead of investing in one stock, Edward decided to invest in a collection of stocks. What has Edward invested in? (2 words)
  11. 23. A factory worker would be included in which factor of production?
  12. 24. The government made wayyy more money than they should have, and the current CPI is %75. The world is ending. What economic problem is indicated here?
  13. 25. Dave sacrificed 2 hours of sleep to get to work on time. The sacrifice Dave made in order to get the opportunity to go to work is called what? (2 words)
  14. 26. A mutual fund primarily invests in companies based in the U.S. What kind of mutual fund is this?
Down
  1. 1. Once upon a time Jeff used to be a professional snowball maker, but now a company has released new technology to speed up global warming and now Jeff is unemployed. Which type of unemployment is this?
  2. 2. A list of prices and Qd makes up a... (2 words)
  3. 3. The nation's central bank that is basically a bank for banks. (2 words - NOT the acronym)
  4. 6. Prices increase drastically because the government decides that for every product a company makes they must pay the price that it cost them to make that item to the government. This is which factor of production? (2 words)
  5. 7. When you get another one of something and have an additional satisfaction from it, this is known as... (2 words)
  6. 8. The economy is maxed out high, and everyone has a job and CPI is %2. Also, the GDP has been growing steadily. Which phase of the business cycle is this?
  7. 10. Apple changes the price of iPhones to $10,000, so a lot less people buy them. Generally when the price of an item increases, demand decreases, and vice versa. What is this known as? (3 words)
  8. 11. The demand for roombas decreases because people expect that soon there will be a robot apocalypse leaving most people unemployed. Which determinant of demand is this?
  9. 13. There is a zombie apocalypse and the GDP has dropped drastically, and the unemployment rate is at %75. The CPI is also at %2. Which economic problem is indicated here?
  10. 17. What kind of taxes are sales taxes?
  11. 19. What are mutual fund investors paid?
  12. 22. The government spent 3.5 trillion dollars last year but it only took in 2.5 trillion dollars. That means there is a government _______.