Ethan Frank - Final Project
Across
- 1. Competing products that can be used in place of one another
- 4. A tax put on imports to increase their price in the domestic market
- 8. The desire, ability, and willingness to buy a product
- 11. The place where resources are bought and sold (2 words)
- 14. When a change in price causes a big change in quantity demanded (2 words)
- 16. Customers like you and I buy US goods and services
- 17. A basic requirement for survival
- 19. The amount of a good or service that producers are willing and able to produce at specific prices
- 21. A worth that can be expressed in a dollar and or cents
- 23. Something tangible that satisfies people's wants and needs
- 24. Human-made tools and equipment to help produce more goods and services
- 25. When the actual price of something is above or below the equilibrium price
Down
- 2. Unemployment is caused by annual changes in the weather or conditions that reduce demand for jobs (2 words)
- 3. The place where goods and services are bought and sold (2 words)
- 5. The actions by Congress to increase or decrease aggregate demand to fight inflation, recession, or stagflation (2 words)
- 6. Increase in prices in general
- 7. Unemployment is directly related to swings in the business cycle, specifically recession (2 words)
- 9. Products that increase the use of other products
- 10. How quickly prices rise every year (2 words)
- 12. When people in other countries buy US goods and services (2 words)
- 13. Full employment, Low inflation, and Economic growth cause what (2 words)
- 15. How many dollars’ worth of goods and services are made in America in a year
- 18. When a change in price causes only a little change in quantity demanded (2 words)
- 20. A maximum price for a product (2 words)
- 22. Joint federal-state medical insurance program for people with low incomes