Econic Economics

2. The study of the production, distribution and consumption of goods and services is called _______ .
5. _______ ensures that you know what you are getting into when you deal with lenders and creditors.
7. _____ is an economic situation caused by a rise in prices for goods and services.
9. In the U.S. you are considered _______ if you work for your uncle 12 hours a week for free.
10. A tax system where we all pay the same amount of taxes is ________.
13. The economist that believed governments have to be in control of everyone’s wealth in order to have economic equality between people was ____.
14. Served 18 years as the Chairman of the Federal Reserve ______.
15. The measurement of services and goods that is produced over a certain amount time is called ______.
17. We rely on other countries and others rely on us to provide products and services creates economic ________.
18. The main purpose of ____ in our economy allows us to buy, sell and exchange a specific product.
19. Monetary payments that are distributed to aged and disabled Americans is called ___.
21. Unbalanced activity between supply and demand causes ____ on our economy.
22. A economy with slow growth, high unemployment and rising cost is in a state of ________ .
24. The measurement of services and goods that is produced over a certain amount time is called ______.
25. ___ consists of valuable assets and products family members transfer from generation to generation.

1. ___ signed the Federal Reserve Act that created a decentralized central bank.
3. A graph that show the demand for final goods and services in an economy at a given time ________.
4. Goods like washing machines, a private jet and your corvette are ___ goods.
6. Financial policy that is usually taken when inflation is high _______.
8. Non-essential government spending that shows up in a budget is considered _____.
11. The ____ is what the US pays out and gets back form other countries when it trades internationally.
12. Trade barrier lovers and protectors of domestic industry ____.
16. __ is a type of medical insurance for low income people.
20. ______ was a Noble prize winner know for theories on economic stabilization policy.
23. The __shows where the economy is and the difference between what the can and does produce in the business cycle.