Across
- 2. A standard numerical monetary unit of measurement of the market value of goods, services and other transactions.
- 5. actions that require no action and will occur automatically based on the current phase of the business cycle.
- 6. is the interest rate at which funds are borrowed and lent in the federal funds market.
- 7. What causes upward pressure on prices due to shortages in supply?
- 9. the unadjusted rate or current price, without taking inflation or other factors into account.
- 12. A set of tools used by a nation’s central bank to control the overall money supply and promote economic growth.
- 13. What occurs when demand remains static or grows even when prices climb higher.
- 14. a carrier of a store of value between independent transactions.
Down
- 1. the increase or improvement in inflation. The adjusted market value of the goods and services produced by an economy in a financial year.
- 3. the use of government spending and tax policies to influence economic conditions.
- 4. when a government deficit drives up the interest rate and leads to reduced investment spending.
- 8. Money that is owed.
- 10. the measure of performance that compares the output of a product with the input.
- 11. the minimum unemployment rate resulting from real or voluntary forces.
- 15. the nominal interest rate minus the rate of inflation.