Across
- 2. People who believe in little to no trade restrictions (2 words)
- 4. When the economic progress reduces the need for workers and their skills (2 words)
- 5. When the government spends less money than it takes in (2 words)
- 8. A central government makes most or all important economic decisions (2 words)
- 11. Rapid uncontrolled prices in general
- 12. The sum of all the people age 16 and above who are either employed or actively seeking a job (2 words)
- 15. All the owners takes all the risk (2 words)
- 17. People who favor trade barriers to protect domestic industries
- 19. A shrinking economy producing fewer goods and services than before
- 20. Goods that businesses make other goods with (2 words)
- 23. The bank for other banks in America (2 words)
- 24. The cost of the next best alternative
Down
- 1. The worst kind of unemployment (2 words)
- 3. The FED increases the money supply by making sure that banks have more money and can easily loan it out (3 words)
- 4. Something intangible that satisfies our wants and needs
- 6. People do what their parents did for a living and it rejects new ways of doing things and new products (2 words)
- 7. People are able to choose their jobs and their employer
- 9. There is a struggle among producers to make good products at a reasonable cost to attract customers
- 10. Actions by Congress to increase or decrease aggregate demand (2 words)
- 13. As income goes up, the percentage of your income that you pay in taxes goes down (3 words)
- 14. Places or “arrangements” that allow buyers and sellers to exchange products
- 16. Goods that are to be used by customers as they are (2 words)
- 18. Is the condition that results from society not having enough resources to produce all the things people would like to have
- 21. Recession and inflation together
- 22. When the government spends more money than it takes in (2 words)