economics

4. a rise in the prices charged for goods and services
5. any means that buyers and sellers use to exchange money for goods or services
7. refers to a government’s spending and how it affects the economy
12. the extent to which an investment is funded with borrowed money the investor is relying on earning a return in order to pay off the debt and still make a profit
16. is a school of thought that centres on the idea that the volume of money
17. examines how customers’ buying habits change when prices increase
18. how much is available of a particular good or service
19. a measure of growth and how it increases over a period of time
21. is the cost of missing an opportunity
22. opposite of inflation
23. items a business uses to produce goods or services to sell to consumers

1. calculated by applying a percentage to the amount of the principal being borrowed
2. studies how the economy behaves in the aggregate
3. describes the process of breaking down tasks so that separate groups or individuals can carry out each task.
6. how much economic variable changes in response to another
8. anyone that uses goods or services
9. refers to a government’s spending and how it affects the economy, particularly if spending levels change.
10. when the demand for a product or service goes up or down due to factors other than a change in price
11. when a lot of people want to buy something,
13. describes an economy that is experiencing slow economic growth
14. refers to the amount of satisfaction a consumer has by consuming a good or service
15. the extent to which assets could quickly be converted to cash
18. short supply
20. barriers relate to a government policy or regulation that limits or controls