Across
- 5. The Federal Reserve often tries to convince Americans to change their behaviors to help the economy which is known as their power of _________ _______________.
- 6. Who creates the original Federal budget outline?
- 7. Any item or object that a society accepts as a means of exchange.
- 9. This is a tax on imported goods.
- 10. When Fox's is forced to raise prices due to increasing resource costs we will see _______ ______ inflation.
- 12. This tax is regularly called a "death tax."
- 15. Type of unemployment you'd deal with if the nature or structure of the business you worked at changed and they let you go because of that.
- 17. _____________ attached workers--leave the work force due to frustrations of being unqualified in a changing work environment.
- 19. The more common name we use for the philosophy of supply-side economics and the giving of massive tax breaks to the rich.
- 22. From 1900-1934 the US used a representative currency and allowed all citizens to turn in their cash for _______.
- 26. When the Federal Reserve decreases the amount of money in the economy they are instituting a _______-money policy.
- 27. The central bank of the United States.
- 29. This type of tax rate places an even tax rate on all citizens.
- 31. The PA sales tax is set at ____ percent.
- 32. Type of unemployment you'd suffer if you lost your job simply due to a downturn in the economy.
- 35. The accumulation of all past budget deficits is the ___________ ________.
- 37. When you are simply "in between" jobs you are suffering from ______________ unemployment.
- 38. By definition money must be ____________ or be able to be moved around easily.
- 39. Lifeguards often suffer from this type of unemployment.
- 40. Any statistic that we may use to look at the overall economic health of our nation.
- 41. Roughly 75% of government revenue comes from this tax.
Down
- 1. When we make trades with each other without the use of money.
- 2. When the government saves money and does not spend all of the tax revenue they have coming in.
- 3. When the government decrees the value of currency with nothing to back it up but its word we have ______ money.
- 4. Which party typically believes in a demand-side economic philosophy which creates government job programs and puts money into the hands of the poor and middle class?
- 8. When the government is forced to borrow money to pay the bills.
- 11. The odd combination of high unemployment and high inflation.
- 13. This tax is often placed on goods or services the government finds to be unsavory or immoral for one reason or another but do not want to make illegal.
- 14. Your debit card is an example of __________ money.
- 16. Type of indicator that we could look at to confirm after the fact that we've entered a new phase in the business cycle.
- 18. TANF, CHIP, WIC, SNAP and Medicaid are all examples of _________.
- 20. The Federal government spends the most money on the various branches of the ______________.
- 21. A prolonged and worsened recession.
- 23. The Chairman of the Federal Reserve.
- 24. A new fangled type of money that doesn't really exist and has nothing of value backing it up but is "mined" on computers.
- 25. Business phase we'd enter if the GDP were to decrease for 2 consecutive business quarters.
- 28. When the Federal Reserve increases the amount of money in the economy they are instituting an _____-money policy.
- 30. When prices go up and the value of money decreases.
- 33. Who nominates the Chairman of the Federal Reserve?
- 34. When Apple releases a new iPhone and the customer base loses their minds and won't stop buying them we will see prices skyrocket and cause ______ ______ inflation.
- 36. This tax is placed upon our homes and land that we own and usually pays for local entities such as fire departments, police forces and schools.