Economics Part 2

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Across
  1. 5. Total government control
  2. 6. ________ could result from: war efforts, price of imports, & too much money in circulation
  3. 7. Private ownership of economic resources
  4. 10. A deep recession
  5. 12. Satisfied through the efforts of other people
  6. 13. Things you would like to have
  7. 14. Things you can see and touch
  8. 15. The study of producing, distributing, and consuming goods & services
Down
  1. 1. Final step of the decision-making process
  2. 2. Rise and fall of economic activity over time
  3. 3. The decision-making process includes _____ steps
  4. 4. Human resources, natural resources, & capital resources
  5. 8. Supply and demand are equal
  6. 9. Characterized by marketplace competition; the role of the government is to support the people
  7. 11. The law of demand states that if price increases, the quantity demanded by consumers will _______