Across
- 5. our current income tax system in the U.S
- 8. how quickly prices rise every year(2 words)
- 10. as price goes up quantity goes down. as price goes down quantity goes up (3 words)
- 11. something that is intangible that satisfies our wants or needs
- 16. there is no such thing as a free lunch
- 17. everyone pays 15% no matter how much money they make
- 19. cost of the next best alternative(2 words)
- 20. the struggle among producers to make good products and attract customers
- 21. the percentage of individuals 16yrs or older who want a job but does not have one(2 words)
- 22. products that are used together
- 23. acts as a bank for the US Government
- 25. any sales tax
- 26. a graphic representation of a demand schedule(2 words)
Down
- 1. shrinking economy producing fewer goods and services than before
- 2. power to increase money supply(3 words)
- 3. everything goes wrong in the economy. (low GDP, High Inflation, Recession)
- 4. power to decrease money supply(3 words)
- 6. quantity supplied and quantity demanded are equal at equilibrium(2 words)
- 7. land, labor, capital, entrepreneurship(4 words)
- 9. goods that are to be used by customers as they are(2 words)
- 12. goods businesses make out of other goods(2 words)
- 13. competing products that can be used in place of one another
- 14. full employment, low inflation, economic growth(2 words)
- 15. businesses buy goods called capital(2 words)
- 18. how many goods and services were produced in the united states over time
- 24. a list of prices and quantities demanded(2 words)