Across
- 3. Anything that has value and can retain value over time.
- 5. A point of transition in the business cycle from contraction to expansion.
- 6. The use of government revenue collection and expenditure to influence a country's economy.
- 8. The quantity of goods and services that may be acquired by a given level of income at a given level of prices.
- 9. The amount of money that a bank has in reserve that it can loan
- 10. Deliberate changes in government spending and tax collection designed to achieve full employement, control inflation, and encourage economic growth.
- 14. Goods that deliver consumption services over an extended period of time.
- 16. Growth in aggregate output
- 17. The amount of a good or service that producers are willing and able to produce at different prices.
- 18. A relationship between real GDP and the price level
- 19. GDP measured at current prices
- 20. The use of resources of an individual, firm, region, or nation to produce one or a few goods or services rather than the entire range.
- 22. A higher price level increases the demand for money.
- 24. Change in spending causes an even larger increase in GDP than the initial change in spending.
- 25. The percentage of extra income that's consumed
- 26. Something tangible that satisfies our wants and needs
Down
- 1. The amount of income that households have left over after paying their personal taxes.
- 2. An increase in household debt will increase consumer spending
- 4. The percentage of income that's saved
- 7. Something intangible that satisfies our wants and needs
- 11. The purchase of capital goods.
- 12. The dollar value of all final goods and services produced within a country in one year.
- 13. Expectations of higher future income or higher future prices will increase consumer spending.
- 15. A rise in the general level of prices
- 21. The amount of money that a bank must keep in reserve and not loan out.
- 23. The purchase of foreign produced goods and services by domestic buyers