Intro to Economics

123456789101112131415
Across
  1. 6. Natural rise and fall of economic growth over time.
  2. 9. Private ownership with competition; markets determine prices/outputs.
  3. 10. Percent of labor force jobless and seeking work.
  4. 11. Rivalry among sellers to attract customers, influencing prices.
  5. 12. Transfer of private businesses or assets to government control.
  6. 14. Government may own key industries; production planned for equity.
  7. 15. Total value of goods/services produced in a nation.
Down
  1. 1. Many sellers offering differentiated products; some price control.
  2. 2. Price where quantity demanded equals quantity supplied.
  3. 3. Economic decline; GDP falls at least two consecutive quarters.
  4. 4. Resources used to produce goods and services.
  5. 5. Spending exceeds revenue.
  6. 7. General increase in prices, reducing purchasing power.
  7. 8. Transfer of government-owned businesses to private ownership.
  8. 13. Measures changes in average price levels over time.