Economics

3. economic system where the government owns and controls capital.
5. exchange of goods and services between countries.
6. Business _____: Consists of four distinct phases: expansion, peak, contraction, and trough.
10. Occurs when business activity decreases.
12. _____ rate: cost of borrowing money.

1. the process of rapid integration among countries.
2. not enough income to maintain a minimum amount of money.
4. the D in GDP.
7. owned by stockholders.
8. economic system in which there is private ownership of natural resources and capital goods.
9. best-known U.S. stock exchange
11. consumer price index initials.