Intro to Economics

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Across
  1. 4. Percent of labor force jobless and seeking work.
  2. 7. Transfer of government-owned businesses to private ownership.
  3. 9. Resources used to produce goods and services.
  4. 12. General increase in prices, reducing purchasing power.
  5. 14. Statistic showing overall economic health (e.g., GDP, CPI).
  6. 15. Tangible products (goods) and intangible activities (services).
Down
  1. 1. Natural rise and fall of economic growth over time.
  2. 2. One firm supplies product with no close substitutes.
  3. 3. Rivalry among sellers to attract customers, influencing prices.
  4. 5. Many sellers offering differentiated products; some price control.
  5. 6. Government decisions on taxation and spending to influence economy.
  6. 8. Economic decline; GDP falls at least two consecutive quarters.
  7. 10. Quantity producers will sell at various prices.
  8. 11. Total value of goods/services produced in a nation.
  9. 13. Transfer of private businesses or assets to government control.