Economics Terms

4. A market driven by supply and demand, with limited government intervention
6. Government decisions on spending and taxation policies, influencing aggregate demand, employment, inflation, and economic growth
7. A positive outlook on a market's performance, indicating that stock prices are increasing or expected to rise
9. The continuous expansion and contraction stages in an economy, measuring the rise and fall of GDP over varying periods of time (two words)
10. Gradual decline in the purchasing power of a currency over time, leading to rising living costs
11. Basic materials or products bought in large quantities for producing other goods and services
13. An increase in the production of economic goods and services over time, measured through metrics like GDP or GNP
14. Measures a nation's economic performance by summing the monetary value of all goods and services produced within its borders during a specific period

1. A fundamental theory in economics that explains how prices and quantities are determined in a market (three words)
2. Where supply and demand are balanced
3. A financial asset or instrument with economic value that can be bought, sold, or traded
5. The type of marketplaces where assets like equities, bonds, and currencies are bought and sold
8. Rates applied to borrowed money, goods, or assets, expressed as a percentage of the outstanding loan
12. A stock market with pessimistic prospects, where stock prices face a prolonged decline
13. Estimates the total value of all final goods and services produced by a country's residents