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