Ethan Frank - Final Project

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