Semester key terms!
Across
- 2. The factor of production that includes the work of people
- 5. a significant increase in price by more than 4% (2 words)
- 6. Reccesion plus high inflation
- 9. The factor of production that is people who risk everything to start a business
- 10. Make more money than you spend (2 words)
- 12. The lowest legal price that can be paid in a market for goods and services (2 words)
- 14. Shrinking GDP
- 16. The highest legal price that can be paid in a market for goods and services (2 words)
- 17. The number of people that want a job but do not have one (2 words)
- 18. Something intangible that satisfies our wants and needs
- 20. Unemployment related to changes in the business cycle (2 words)
- 22. Rapid inflation at an insane rate (2 words)
- 23. Goods that will be used to create final goods (2 words)
- 24. Something tangible that satisfies our wants and needs
Down
- 1. The total number of products we produce (3 words)
- 3. Unemployment caused by workers changing their jobs or waiting for new ones (2 words)
- 4. Goods that are ready for consumption (2 words)
- 7. The factor of production that comes from nature
- 8. Unemployment caused by the changing in the seasons (2 words)
- 10. The cycle of economic expansion and contraction (2 words)
- 11. All people of age currently employed or looking for employment (2 words)
- 13. The rate at which prices rise (2 words)
- 15. Unemployment caused by a fundamental change in the economy (2 words)
- 19. Spend more money than you make (2 words
- 21. The factor of production that includes things like tools to produce goods