Across
- 5. a philosopher who wrote about economics and value
- 6. recession and Inflation together
- 9. a collection of stocks (or bonds) rather than an individual stock or bond
- 10. Workers who are willing and able to produce goods and services
- 12. The minimum price of something is the “price _”
- 13. The struggle among sellers to attract consumers
- 15. people who prefer fewer or no trade restrictions
- 16. Tax rate goes up as income goes up
- 18. a price that is above the equilibrium price
- 19. People in other countries also buying US goods and services
- 20. People who are willing to take a risk and start a business
- 22. Government involvement was his idea
- 23. Interest on Interest
- 24. when there are not enough resources
Down
- 1. Prices rising too rapidly
- 2. How quickly prices are rising every year
- 3. Increasing the money supply
- 4. The cost of the next best alternative
- 7. The main measure of “joblessness”
- 8. when quantity supplied and quantity demanded are equal at equilibrium, we use the term __ quantity
- 11. Everyone pays the same tax rate
- 14. a tax placed in imports to increase their price in the domestic market
- 17. How many dollars’ worth of goods and services are made in America over time
- 18. When people are unemployed because their job is not done at that time of year
- 21. The max price of something is the “price _”