Economics 9weeks exam review

Edit Answers
1234567891011121314151617181920212223242526
Across
  1. 5. the point in which GDP declines for at least 6 months in a row
  2. 6. used in transactions between individuals, businesses, financial institutions, & gov’ts
  3. 9. the govts Limited amount of money available to spend
  4. 10. Turn around point in which GDP is not going down
  5. 11. Point in which the economy returns to its previous peak
  6. 16. The rate at which the FED pays interest on reserve balances
  7. 17. Time in which the economy reaches recovery and GDP continues to grow
  8. 18. the point in which GDP stops going up
  9. 19. the total amount of money in circulation
  10. 21. Central bank of the United States; Which conducts Monetary Policy
  11. 23. a period of recovery from a recession
  12. 24. the reason money works
  13. 25. The federal government’s attempt to influence or stabilize the economy through taxing and government spending.
  14. 26. when GDP begins to go down
Down
  1. 1. allows us to compare prices & plan for the future.
  2. 2. Changes in the money supply in order to affect the availability and cost of the credit or interest rates
  3. 3. The buying and selling of government securities or bonds in financial markets. This is done by the FED / Central Bank
  4. 4. The interest the Fed Charges on loans to financial institutions
  5. 7. point in which the GDP begins to go up after hitting a trough
  6. 8. who controls the money supply?
  7. 12. official money used by the gov't
  8. 13. The percentage of every deposit that must be set aside as legal reserves (Protects against bank runs)
  9. 14. belief that money saved today will purchase a similar amount of goods/services in the future.
  10. 15. Passing laws that change taxes and government spending to influence the economy
  11. 20. period between the peak and the trough
  12. 22. point in which it is sustained, long term, down turn. when a recession becomes severe and a large amount of people are out of work.