Across
- 4. cycle - Fluctuations in economic activity over time
- 6. market - Market where workers seek jobs and employers seek workers
- 9. - Payments for labor services
- 13. rate - Cost of borrowing money
- 17. - Situation where workers are seeking jobs but can't find any
- 18. - Tax on imports
- 20. trade - Trade without restrictions
- 21. - Use of barriers to protect domestic industries
- 23. of trade - Difference between a country's exports and imports
- 24. - Decrease in the general level of prices
- 27. - Rise in the general level of prices
Down
- 1. rate - Value of one currency in terms of another
- 2. - Government's collection of money from individuals and businesses
- 3. - Condition of having insufficient resources
- 5. - Government payment to support a business or market
- 7. Domestic Product (GDP) - Total value of goods and services produced in a country
- 8. development - Economic development that protects the environment
- 10. - Period of economic growth
- 11. deficit - When a country imports more than it exports
- 12. policy - Central bank actions to control money supply
- 14. surplus - When a country exports more than it imports
- 15. development index (HDI) - Measure of a country's social and economic development
- 16. - Limit on the quantity of imports
- 19. - Period of economic decline
- 22. inequality - Difference in income levels across a population
- 25. policy - Government use of spending and taxation to influence the economy
- 26. sector - Part of the economy controlled by private individuals and firms