Across
- 2. the idea that there is some unseen force directing the economy
- 4. general rise in prices
- 10. by-product of business decision that can effect a community
- 13. portion of ownership in a business
- 14. giving up some of one thing to have more of another
- 15. the act of putting money into an asset to make a profit
- 16. government policy which manipulates taxes and spending
- 20. land, labor, and capital
- 22. goods used to produce other goods
- 25. as price goes up quantity supplied goes up
- 27. business structure where one person ownes everything
- 29. type of economy where decisions are made by a central authority
- 30. policy which manipulates the amount of money in the economy
- 31. graph showing the increases and decreases in gdp
- 33. something a person creates to keep track of her money
- 34. the next best thing given up when making a choice
Down
- 1. graph that demonstrates the opportunity costs between two goods
- 3. the education needed to perform a job
- 5. on the vertical axis of the supply and demand graph
- 6. suppliers need these to make their products
- 7. the cost of a loan
- 8. artificial price set by the government, prices may not fall below it
- 9. economics is the study of how this is dealt with
- 11. the measure of total production in the economy
- 12. total gdp divided by the population
- 17. commonly called "the Bank's Bank"
- 18. market with no real competition among businesses
- 19. where supply and demand meet
- 21. it should decrease when gdp increases
- 23. type of economic system in the US
- 24. business with its own legal identity and shareholders
- 26. phase of the business cycle where gdp is growing
- 28. phase of the business cycle where gdp is negative
- 32. type of unemployment that occurs when the job is no longer necessary in the economy