Economics Recap

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Across
  1. 9. Factor of production. Reward is profit
  2. 10. ____ rate = value of your currency compared to others
  3. 11. When you spend more than you receive
  4. 12. Goods sold to other countries
  5. 14. Amount people are willing and able to buy at a given price
  6. 15. ____ policy = adjusting interest rates to encourage/discourage spending
  7. 16. Appreciation is when your currency ____ in value
Down
  1. 1. GDP stands for Gross Domestic _____
  2. 2. When your currency decreases in value
  3. 3. Government money to encourage production
  4. 4. Money people give to the government
  5. 5. ____ Unions = organisations fighting for workers' rights
  6. 6. When price levels increase
  7. 7. Steep supply curve. 0<PES<1
  8. 8. The money people gain when saving
  9. 13. Goods brought in from other countries