Across
- 1. Something that causes an excess in supply or a surplus
- 3. An individual retirement account to set aside
- 4. When income exceeds expenditures
- 5. A political and economic theory made by Adam Smith
- 6. A state of limited competition
- 7. An amount of money set aside for emergencies
- 8. Wants to stop inflation and stop printing money
- 12. Is the sister strategy to monetary policy
- 15. Allows analysis of economic performance and predictions
- 16. Low in resources and/or supplies
- 17. The amount to which a person has a right
- 18. When a country's trade and industry are controlled by private owners for profit, rather than by the state
- 19. When an individual or group produce more quickly than others
- 21. Formal authorization or proposition
- 23. General increase in prices and fall in the purchasing value of money
- 24. Cost of a country's imports exceeds the value of it's exports
- 28. Total amount of goods produced and services provided in a country during one year
- 31. The macroeconomic policy laid down by the central bank
- 32. When the price charged is more than or less than the equilibrium price
- 33. Temporary economic decline
- 34. Shielding a country's domestic industries from foreign competition
- 35. The father of free enterprise
- 37. Money granted by the government so prices of a commodity or service remain low
- 38. A key measure of how much an entity is worth
- 40. Introduced fiscal policy and believed unemployment was bad
- 42. Excess in resources and/or supplies
- 44. Control of the supply or trade in a commodity or service
- 45. When something is useful, profitable, or beneficial
Down
- 1. The effectiveness and/or effort in an industry
- 2. When all who are able and willing to work are employed
- 5. An austrian and british economist and philosopher(classical liberalism)
- 8. Lowest wage permitted by law
- 9. An attitude of letting things go their own course
- 10. A time of economic growth
- 11. Decision-making tool to help maximize profits
- 13. An increase in the value of one currency
- 14. The central banking system of the United States
- 20. The lowest point in economy's phase
- 22. The highest point in an economy's phase
- 25. International trade without without tariffs quotas, or other restrictions
- 26. System in which the currency is defined in terms of gold
- 27. When an individual or group produce more efficiently than others
- 28. Measure of average income per person in a country
- 29. Money the government gives to help the economy
- 30. Shows the variation in prices paid by typical consumers
- 36. A political theory derived from Karl Marx
- 37. Political theory of social organization
- 39. World Trade Organization
- 41. Shortage in supply
- 43. North American Free Trade Organization