Module 4 economics terms

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Across
  1. 4. when introduction of new technology or products causes unemployment
  2. 6. costs of changing prices
  3. 7. short-run fluctuation in economic activity
  4. 8. unemployment caused by time lags in matching available
  5. 11. money with no value except as the medium of currency (aka paper dollars)
  6. 13. unemployment caused by a change in the industrial makeup of an economy
  7. 14. unemployment caused by recessions and other natural time switches in the economy
  8. 17. financial obligations the firm owes to others
  9. 18. involves the use of an actual good as currency
  10. 19. when many depositors attempt to withdraw their funds at the same time
  11. 21. growth in the overall level of prices in an economy
  12. 22. the items the firm owns
  13. 23. portion of bank deposits set aside and not loaned out
  14. 24. average measure of overall prices
Down
  1. 1. study of economy of an entire nation/society
  2. 2. any accepted means of payment
  3. 3. market value of all goods + services produced within a nation during a period of time
  4. 5. the current calculated GDP
  5. 9. goods that firms repackage or bundle
  6. 10. coins and bills that buy goods + services
  7. 12. occurs when overall prices in an economy fall
  8. 15. goods that are sold to final users
  9. 16. short-term economic downturn that usually lasts 6-18 months jobs and workers
  10. 20. value of exports - imports