Across
- 5. Government spends less than it collects.
- 8. A graphic representation of a demand schedule. (2 words)
- 13. Value is expressed through ________. (3 words)
- 15. Your income rises, your taxes lower. (3 words)
- 19. Unemployment relating to seasonal changes. (2 words)
- 21. The power to decrease the money supply. (2 words)
- 22. There is no such thing as a free lunch.
- 23. Rapid uncontrolled inflation. (2 words)
- 24. The government spends more than it collects by ______.
- 25. An organized way in which a society provides for the wants and needs of its people. (2 works)
- 26. How quickly prices rise each year. (2 words)
Down
- 1. When workers are between jobs. (2 words)
- 2. Your income rises, your taxes rise. (3 words)
- 3. The annual plan outlining proposed revenues and expenditures for the coming year.
- 4. Government spends more than it collects.
- 6. Everyone pays the same amount in taxes. (3 words)
- 7. Places or arrangements that allow buyers and sellers to exchange products.
- 9. Unemployment related to a change in the business cycle (recession). (2 words)
- 10. The condition that results from society not having enough resources to produce things people would like to have.
- 11. People are free to engage in market transactions (free to buy and sell). (2 words)
- 12. Factor of production that includes doctors, Lawyers, Plumbers, taxi drivers etc.
- 13. A list of prices and quantities. (2 words)
- 14. Unemployment related to an advance in technology or consumer taste. (2 words)
- 16. The government has to pay back the money it borrowed but also has to pay_______.
- 17. Encourages people to work to improve their economic well-being. (2 words)
- 18. The cost of the next best alternative. (2 words)
- 20. The power to increase the money supply. (2 words)