Economics Review

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Across
  1. 4. Legally established maximum price
  2. 6. Price of the next best option
  3. 8. Not enough goods to meet demand
  4. 10. Land, capital, labor, entrepreneurship
  5. 14. Positive effect of a choice
  6. 15. Time period after the economy reaches recovery where the real GDP is continuing to grow
  7. 18. Small change
  8. 19. Not having enough resources
  9. 22. Individuals who take risk to find profit and create jobs
  10. 24. Only a few sellers of a product
Down
  1. 1. Central Bank of the United States
  2. 2. Similar to market price
  3. 3. Point in business cycle where the economy returns to normal peak
  4. 5. Only one seller of a product dominating the market
  5. 7. Interest the FED charges on loans to financial institutions
  6. 9. Changes in the money supply in order to affect the availability and cost of the credit or interest rates
  7. 11. Limited amount of money available to spend
  8. 12. People of the workforce
  9. 13. Owners personal assets can be seized to pay business debts
  10. 15. Point where the real GDP stops going up
  11. 16. additional amount of effort, expense, or time needed from making a choice
  12. 17. Too many goods to sell
  13. 20. Total amount of money in circulation
  14. 21. Legally established minimum price
  15. 23. Point where the real GDP starts going down