Across
- 5. This term refers to the point where the quantity demanded of a product equals the quantity supplied.
- 6. The measure of the level of prices of goods and services in an economy
- 8. The market structure where there is only one supplier of a particular good or service
- 12. This is the study of how people make choices under conditions of scarcity
- 13. The amount of money a borrower pays for using someone else's money
- 15. The interest rate at which banks lend to each other in the short term
- 16. This refers to the amount of money that a worker earns for each hour of work
- 18. The amount of a good or service that consumers are willing and able to buy at a given price
Down
- 1. A tool used by the Federal Reserve to influence the money supply
- 2. The percentage of deposits that a bank must hold in reserve: Reserve
- 3. Domestic Product The total value of all final goods and services produced within a country in a given period of time
- 4. A tax on imported goods
- 7. The study of how people use resources to satisfy their needs and wants
- 8. A measure of money supply that includes M1 plus savings deposits, small time deposits, and money market mutual
- 9. The economic theory that advocates for minimal government intervention in the economy
- 10. This refers to the amount of money that a person or organization owes to others
- 11. index A measure of the average price level of goods and services in an economy
- 14. Balance The difference between a country's exports and imports
- 17. The narrowest definition of the money supply