Economic Policy Crossword!

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Across
  1. 1. in the federal reserve system, a seven member board that makes most economic decisions regarding interest rates and the supply of money.
  2. 3. a situation in which there is economic growth, rising national income, high employment, and steadiness in the general level of prices.
  3. 5. the economic condition that occurs when expenditures exceed revenues.
  4. 6. programs that require that beneficiaries have incomes below specified levels to be eligible for benefits.
  5. 8. a form of government regulation in which the nation's money supply and interest rates are controlled.
  6. 9. the rate of interest at which the federal reserve board lends money to member banks
  7. 11. alternative to the laissez-faire state; the government took an active role in guiding and regulating the private economy.
  8. 14. programs that provide cash assistance to qualified beneficiaries, regardless of income. Among these are social security and unemployment insurance.
  9. 20. a rise in the general price levels of an economy.
  10. 21. large-scale, monopolistic businesses that dominate an industry.
Down
  1. 2. the buying and selling of government securities by the federal reserve bank
  2. 4. a french term meaning "to allow to do, to leave alone." It holds that active governmental involvement in the economy is wrong.
  3. 7. fluctuations between periods of economic growth and recession, or periods of boom and bust.
  4. 10. the deliberate use of the national government's taxing and spending policies to maintain economic stability.
  5. 12. a decline in the economy that occurs as investment sags, production falls off, and unemployment increases.
  6. 13. the total market value of all goods and services produced in an area during a year.
  7. 15. government benefits that all citizens meeting eligibility criteria-such as age, income level, or unemployment- are legally "entitled" to receive.
  8. 16. a 1935 law that established old age insurance; assistance for the needy, aged, blind, and families with dependent children, and unemployment insurance.
  9. 17. government regulation of business practices, industry rates, routes, or areas serviced by particular industries
  10. 18. a reduction in market controls (such as price fixing, subsidies, or controls on who can enter the field) in favor of market-based competition.
  11. 19. government requirements that a portion of member bank's deposits be retained as backing for the loans.