Across
- 2. Prices rapidly Rising
- 3. if we start at the equilibrium and go straight left we would find
- 4. This is a part of the land that could be used to make paper
- 7. an act or use for which a consumer, firm, or government is willing to pay.
- 10. The study of human beings choosing to use their scarce resources to satisfy their unlimited wants
- 12. when you add recession an inflation together
- 13. One method of work
- 14. Where businesses buy their resources from individuals
- 17. opposite of a surplus meaning a shortfall or loss
- 18. The amount of a product offered for sale
- 19. are items that satisfy human wants and provide utility
- 24. This is when people that want a job have a job
- 25. One of the main goals of the US Federal Reserve is to
Down
- 1. a graphic representation of a demand schedule
- 5. The point where the supply curve and demand curve cross
- 6. There are _______ key components of financial planning
- 8. A bank that can lend money to other banks
- 9. the amount of a good or service that consumers are willing and able to purchase at different prices
- 11. A good that increases the use of the other
- 15. the index we use to calculate the inflation rate
- 16. Rapid, uncontrolled inflation at very high rates
- 20. the amount of an asset or resource that exceeds the portion that's actively utilized
- 21. Gross means ______
- 22. This economist supports free-market economics
- 23. Acronym for Gross Domestic Product