Across
- 2. a cost of production that is independent of the quantity produced
- 6. an inescapable fact of human existence that results from the fact that the available resources are always less than our limitless desires
- 7. (in macroeconomics) the use of taxes and spending to influence aggregate demand and through it the level of overall economic activity
- 8. expansion in the business cycle
- 9. the cost of the next best choice
Down
- 1. a cost or a benefit that affects a third party (can be negative or positive)
- 3. the shared atmospheric environment of the globe
- 4. a severe recession
- 5. money or physical assets like plows or mature tree crops
- 8. downturn in business cycle