Economics

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