Across
- 4. Economics concerned with large-scale economic factors
- 10. Enacts and controls monetary policy
- 11. Unemployment that occurs from a recession
- 14. The total value of all goods and services produced within a country's borders over a specific period, usually a year
- 17. When increased government spending increases interest rates
- 19. Government actions to raise or lower the money supply
- 21. A condition or state in which economic forces are balanced
- 22. Land, labor, capital, and entrepreneurship
- 23. Policy to increase the money supply
- 24. Money in a bank, can be excess or required
Down
- 1. Policy to decrease the money supply
- 2. How fast something can be converted to cash
- 3. When there is high inflation and high unemployment
- 5. Change in aggregate supply that causes inflation
- 6. The quantity of goods or services that suppliers are willing and able to provide to customers
- 7. When decreased by the central bank, the money multiplier increases and the money supply increases
- 8. A consumer's desire to purchase goods and services and willingness to pay a specific price for them
- 9. Unemployment that occurs when someone is between jobs
- 12. Supplied by households and consumed by businesses (there is a graph for this)
- 13. The change in consumer spending divided by the change in disposable income
- 15. On the Y axis of an aggregate demand and supply graph
- 16. When bought by the central bank, the money supply increases
- 18. A graph where the unemployment rate is on the x axis and the inflation rate is on the y axis
- 20. Advantage when one country, individual, or firm has a lower opportunity cost than the other
- 25. Unlimited resources and limited wants