Across
- 4. increasing the money supply
- 8. a list of prices and the quantities demanded
- 10. 4% or lower CPI (consumer price index)
- 11. people are free to engage in market transactions as they see fit
- 13. the government plan for collecting taxes and spending
- 16. how quickly prices are rising every year
- 18. 5% or lower unemployment rate
- 19. money paid to businesses
- 20. goods that can be used in place of each other
- 23. something tangible that satisfies our wants or needs
- 24. when the government spends more money than it takes in
Down
- 1. the condition that results from society not having enough resources to produce all the things we would like to have
- 2. where most of the government's (money) revenue comes from
- 3. decreasing the money supply
- 5. places or arrangements that allow buyers and sellers to exchange products
- 6. there is no such thing as free lunch
- 7. a bank for banks
- 9. the percentage of 16+ who want a job but don’t have one
- 12. a “shrinking” economy producing fewer goods and services than it did before - or GDP (gross domestic product) decreasing
- 14. both recession and inflation together
- 15. when a change in price caused a big change in quantity demanded
- 16. when a change in price causes a small change in quantity demanded
- 17. goods that are used together
- 21. something intangible that satisfies our wants or needs
- 22. costs of the next-best alternative use of money, time, or resources when making a choice