Unit 3 Economics

123456789101112
Across
  1. 3. total value of all Final Goods and Services Produced within One Year. = C + I + G + Nx
  2. 5. rate at which the general level of prices for goods and services is rising, and consequently, the purchasing power of currency is falling
  3. 6. _______ of the fed: clearing checks, acting as the Federal Government's Fiscal Agent, Supervising Member Banks, Holding Reserves and Setting Reserve Requirements, Supplying Paper Currency, and Regulating Money Supply
  4. 7. takes a larger percentage of income from low-income workers than from high-income earners
  5. 10. a good or service that is provided without profit to all members of a society
  6. 11. income tax system where the same percentage of tax is levied from all taxpayers
  7. 12. a bank for banks
Down
  1. 1. expansionary (increasing the money supply thru lower interest rates, increased investment and inflation, decreased unemployment, economic growth) and contractionary (decreasing the money supply thru higher interest rates, decreased investment and inflation, increased unemployment, and economic contraction)
  2. 2. includes the inflation of each year.
  3. 4. takes a larger percentage of income from high-income earners than from low-income earners
  4. 8. used as a measurement of output by governments to see the effectiveness of their policies
  5. 9. occurs when a person who is actively searching for employment is unable to find work.