Chapter 14 POBM - Our Economy

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Across
  1. 2. The total value of goods and services produced in a country in a given time period (3 letters)
  2. 4. Clues:
  3. 7. state of the economy that involves the allocation of scarce resources (8 letters)
  4. 8. The sustained increase in the general price level of goods and services over time (9 letters)
  5. 12. economic growth slows down for two consecutive quarters (9 letters)
  6. 14. Occurs when the government or a single company has exclusive control over a product or service (8 letters)
  7. 15. The part of the economic system controlled by a central authority (7 letters)
  8. 18. The stage of the business cycle when economic activity is at its highest (4 letters)
  9. 19. The process of providing goods and services to meet human needs and wants (9 letters)
  10. 20. economy system where supply and demand control the production of goods and services (6 letters)
  11. 21. rate The interest charged by lenders for borrowing capital, often expressed as a percentage (12 letters)
  12. 22. cycle to the ups and downs of economic activity over time (12 letters)
Down
  1. 1. force people available for work, including both employed and unemployed individuals (10 letters)
  2. 3. decrease in the general price level of goods and services over time (9 letters)
  3. 5. economic system where the government owns and controls major industries (9 letters)
  4. 6. system based on private ownership and the free market (9 letters)
  5. 9. lowest point in the business cycle, following a recession (6 letters)
  6. 10. Economic concept where unlimited wants exceed limited resources (8 letters)
  7. 11. Clues:
  8. 13. The payment made for borrowing money (8 letters)
  9. 16. economy An economic system that blends private and public enterprise (10 letters)
  10. 17. economic system with no private property where all means of production are owned collectively (9 letters)