Econ Crossword- Alana Horwitz

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