Econ Crossword- Alana Horwitz

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Across
  1. 2. created by Congress in 1913. It is the Central Bank of the United States (2 words)
  2. 4. the people who determine which products are produced in a free market economy
  3. 5. a recession and inflation together
  4. 7. limited in amount
  5. 13. a limit on the amount of goods and services the nation allows to be imported
  6. 14. the point at which quantity demanded and quantity supplied are equal
  7. 15. a shrinking economy producing less goods and services than it did before
  8. 16. the cost of the next best alternative (2 words)
  9. 17. rate- the percentage of individuals 16 or older who want a job but do not have one (2 words)
  10. 18. the sum of all people 16 and above who are employed or seeking employment (2 words)
  11. 20. factors that shift the demand or supply curve left or right
  12. 21. the type of demand where a change in price causes a large change in quantity demanded
  13. 22. land, labor, capital, and entrepreneurship are all what? (3 words)
  14. 23. the amount of dollars worth of goods and services which are made in America over time
  15. 24. a government-set minimum price for a product (2 words)
Down
  1. 1. when people with larger incomes pay a higher percentage of their incomes to taxes
  2. 3. how quickly prices are rising each year (2 words)
  3. 4. policy by Congress to decrease aggregate demand (2 words)
  4. 6. an organized way in which society provides for the wants and needs of its people (2 words)
  5. 8. as price goes up, quantity supplied goes up (3 words)
  6. 9. the struggle among producers to make good products at a reasonable cost to attract customers
  7. 10. money that Congress chooses to spend every year
  8. 11. policy by the FED to increase the money supply (2 words)
  9. 12. it states price and quantity demanded are negatively related (as price goes up quantity demanded goes down) (3 words)
  10. 19. people who do not want to limit international trade (2 words)