Unit 3 Vocabulary

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Across
  1. 2. Provision linking printed money to gold
  2. 3. International agreement aimed at reducing trade barriers
  3. 6. UN agency providing loans to financially struggling developing countries
  4. 8. Financial help provided by the government to support an industry
  5. 9. Term for a country's overall economic output
  6. 10. Proportional shares paid by member countries to the IMF
  7. 13. Economic system based on individual freedom and private property
  8. 14. Situation where the amount of currency increases but its purchasing power decreases
  9. 15. Treaty signed in 1992 by Canada, US, and Mexico to remove trade barriers
  10. 17. Number of countries involved in establishing the Bretton Woods system
  11. 18. System established to regulate the postwar global economy
  12. 19. The city where the Bretton Woods Agreement was forged
  13. 20. Value of a country's currency as determined by its government
Down
  1. 1. An agreement established after WWII to regulate the postwar global economy
  2. 4. Period of reduced economic activity lasting more than two quarters
  3. 5. Organization controlling the World Bank and IMF
  4. 7. Economic event characterized by high unemployment and low production
  5. 11. Group of countries with similar economic interests sometimes form a _____ ____.
  6. 12. Global network of institutions promoting international trade and currency regulation
  7. 16. Currency rates determined by the foreign exchange market