Intro to Economics

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Across
  1. 3. How a society allocates resources and produces/distributes goods and services.
  2. 6. Central bank actions to manage money supply and interest rates.
  3. 10. Revenue exceeds spending.
  4. 12. Minimal government role; markets operate freely.
  5. 13. Combines free market features with government intervention.
  6. 14. Inputs used to produce outputs like land, labor, and capital.
  7. 15. Fall in general price levels.
Down
  1. 1. Private ownership with competition; markets determine prices/outputs.
  2. 2. Total government owed from accumulated deficits.
  3. 4. Quantity consumers will buy at various prices.
  4. 5. Tangible products (goods) and intangible activities (services).
  5. 7. One firm serves market cheaper than multiple firms.
  6. 8. Government-granted monopoly via patents or exclusive rights.
  7. 9. Government controls allocation and distribution of goods/services.
  8. 11. Economic decline; GDP falls at least two consecutive quarters.