Economics
Across
- 5. The next best opportunity forgone
- 8. A payment made to firms or consumers to encourage an increase in output
- 12. A good where an increase in income leads to a decrease in demand
- 15. Negative growth in Real GDP for two or more fiscal quarters.
Down
- 1. The cost of borrowing money.
- 2. Few barriers to international trade between countries without the intervention of import tariffs, quotas, and other forms of import controls.
- 3. The difference between the actual level of national output and its potential level.
- 4. Government expenditure exceeds total tax revenue
- 6. The difference between the minimum price accepted by the producer for a good and the actual price of the good
- 7. Consumers' expenditure on goods and services. Component of AD
- 9. The amount producers are willing and able to sell at a given price over a given period of time
- 10. The amount that consumers are willing and able to buy at a given price over a given period of time
- 11. Goods that deliver consumption services over an extended period of time.
- 13. Goods/services sold abroad.
- 14. GDP measured taking inflation into account