Economics review Fall 2023

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Across
  1. 2. Money awarded for college based on merit
  2. 4. describes when the economy is getting larger
  3. 6. consistent rise in prices
  4. 8. This is typically paid at the beginning of purchasing a house
  5. 9. Studies how people get their basic needs
  6. 15. Government set limit on the price of goods
  7. 17. As prices increase this increase
  8. 19. The total value of finished products a nation produces
  9. 21. Money the government spends
  10. 22. Economic decisions are made by the government
  11. 23. Type of unemployment caused by lack of skills or demand
  12. 25. The cost of borrowing money
  13. 26. A service purchased to reduce risk
  14. 28. Divides up work into smaller tasks for more efficiency
  15. 32. Planning where every dollar you earn will go
  16. 33. Money Awarded for college based on need
  17. 35. One's ability to borrow money
  18. 36. The amount of time someone spends at a given job
  19. 38. Money the government collects in taxes
  20. 40. Protects/guarantees a product for a so many months after purchase
  21. 42. describes when the economy is getting smaller
  22. 43. Adjustable rate mortgage
  23. 45. Economic decisions are made by buyers and sellers
  24. 46. A tax on imports
  25. 48. Type of taxes taken directly out of your paycheck
  26. 52. Goods have less use in large numbers
Down
  1. 1. When congress makes decisions about government spending
  2. 3. The cost of making a different decision
  3. 5. This describes the percent of your income that foes towards paying off debt each month
  4. 7. They always pay interest
  5. 10. The method of paying off debt in which high interest debt is paid first
  6. 11. Comparing prices in order to make good decisions as a consumer
  7. 12. Too little money following too many goods
  8. 13. Signs we use to see how the economy is doing
  9. 14. annual percentage rate
  10. 16. Too much money following too few goods
  11. 18. Combining all of your debts into one payment
  12. 20. The length of your loan
  13. 24. The Cost of insurance for a given time period
  14. 27. The Federal Reserve regulates the money supply and interest rates
  15. 29. Nations are able to trade freely with one another
  16. 30. They always earn interest
  17. 31. Nations rely on each other for goods and services
  18. 34. Market economy with some government intervention
  19. 37. This must be completed first in order to be eligible for scholarships
  20. 39. The amount originally borrowed on a loan
  21. 41. These are extra payments that go towards paying down your principal
  22. 44. The rate at which people who would like a job cannot find one
  23. 47. As prices in increase this decreases
  24. 49. Must be paid before insurance kicks in
  25. 50. People can be expected to follow self interest
  26. 51. Encourages a particular behavior