Crash Course Economy 1 and 2 - Vocabulary

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Across
  1. 2. Central bank actions that manage the money supply and interest rates.
  2. 3. A way a society organizes the production, distribution, and consumption of goods and services.
  3. 5. Branch of economics focusing on the economy as a whole—output, inflation, growth.
  4. 7. The condition of limited resources and unlimited wants.
  5. 9. An economy in which decisions are made by individuals and businesses based on supply and demand.
  6. 11. Government use of spending and taxes to influence the economy.
  7. 13. The value of the next-best alternative when a decision is made.
  8. 14. External motivators that influence decision-making and behavior.
  9. 15. An economic system where the government makes all production and distribution decisions.
Down
  1. 1. Branch of economics focusing on individual consumers, workers, and firms.
  2. 4. The situation where human wants exceed available resources.
  3. 6. A system combining aspects of market and command economies.
  4. 8. The study of how people make choices to satisfy unlimited wants with limited resources.
  5. 10. An economy based on customs, traditions, and beliefs where roles are typically inherited.
  6. 12. The study of the overall economy, including inflation, growth, and unemployment.