Year 9 Economics

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Across
  1. 2. Monetary policy is the management of a country's money supply and interest rates by its central bank to control inflation, stabilize the economy, and promote growth.
  2. 7. Physical items you can purchase eg. Laptop
  3. 9. is the rate at which the general level of prices for goods and services rises, causing the purchasing power of a currency to decrease.
  4. 11. Fiscal policy involves a government's use of taxation and spending to influence the overall economy, with the aim of achieving specific economic goals.
  5. 13. An economic recession is a significant decline in economic activity, typically measured by a decrease in GDP, lasting for an extended period, and often accompanied by job losses and decreased consumer spending.
  6. 15. Market cap is the total value of a publicly-traded company's outstanding shares of stock, calculated by multiplying the stock price by the number of shares.
Down
  1. 1. A budget deficit happens when a government's expenditures exceed its revenues during a specific fiscal year, leading to the accumulation of debt.
  2. 3. A trade deficit occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.
  3. 4. Elasticity measures the responsiveness of the quantity demanded or supplied of a good to changes in its price or other factors, such as income.
  4. 5. Non-physical items you can purchase eg. Haircut
  5. 6. A monopoly is a market structure where a single company or entity controls the entire supply of a particular product or service, giving it significant pricing and market power.
  6. 8. Opportunity cost is the value of the next best alternative that is given up when a decision is made to allocate resources to a specific option.
  7. 10. An item that is not required for
  8. 12. Protectionism is the practice of protecting domestic industries from foreign competition through measures like tariffs, quotas, and trade barriers.
  9. 14. Capitalism is an economic system where private individuals or corporations own and operate the means of production, and prices and profits are determined by market forces.