United States Economic Vocabulary

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Across
  1. 2. the interest rate that banks charge banks to borrow money
  2. 4. an economic system where the government makes all economic decisions
  3. 7. when too much money is circulating and there are not enough goods, this causes inflation
  4. 10. policy where the federal reserve regulates the economy
  5. 11. when we have too much of a certain resource
  6. 13. the change in prices of certain goods from one year to the next
  7. 14. when there is not enough money circulating and products are not being sold
Down
  1. 1. an economic system where supply and demand basically control the system
  2. 3. When faced with 2 items you want, the one you give up is this
  3. 5. policy where the President and Congress regulate the economy
  4. 6. the central banking system of the United States
  5. 8. this is the total of all the goods and services a country produces in a year
  6. 9. when prices go up faster than expected
  7. 12. when there is not enough of a resource