Econ Final Project - Kendal

3. When at least 1 of the owners (of a business) takes on all of the risk (2 words)
5. A determinant of supply caused by changing prices of resources (3 words)
6. The worst kind of unemployment (2 words)
8. When price changes cause a small change in quantity demanded
10. Similar to a capitalistic enterprise economy (2 words)
13. The cost of the next best alternative (2 words)
16. A place or agreement that allows buyers & sellers to exchange things
17. A determinant of demand that affects products that go together
22. Type of policy done by Congress to change aggregate demand (2 words)
23. When both high inflation and a recession are happening at the same time
24. When GDP is decreasing and there's high unemployment

1. People who think that America trade with other countries should be limited
2. When CPI (consumer price index) is above 4% (2 words)
4. A taxes that is the same on everyone regardless of income
6. Largest part of GDP
7. A point on a PPC is
9. Highest point of the business cycle
11. Categories in the federal budget that Congress must approve unless the law is changed
12. Intermediate and used good are not counted toward GDP to avoid
14. Disequilibrium caused by a price floor
15. An economist who said "a claim for equality of material position can be met only by a government with totalitarian powers"
18. Type of policy done by the Fed to change the money supply (2 words)
19. The bank for other banks (3 words)
20. The point when demand and supply cross
21. Includes land, labor, capital and entrepreneurship (3 words)