Across
- 4. rate defining the value of one currency to another
- 5. The I in GDP stands for what?
- 6. The curve dealing with the tradeoff between inflation and unemployment
- 8. consumer's desire to purchase goods and services
- 11. A fixed regular payment made by an employer to an employee
- 14. (unemployed/labor force) x 100
- 15. mandatory payment collected by the government
- 16. When a country sends out goods to other countries
- 17. When prices raise due to an increase in the AD curve, or decrease in the AS curve
- 19. state of owing money
- 20. The study of the economy as a whole
- 24. When a country receives goods from another country
- 25. monetary charge for borrowing money
Down
- 1. The C in GDP stands for what?
- 2. The G in the GDP stands for what?
- 3. The curve (abbreviated) that shows the possible output and opp. cost between manufacturing two goods
- 7. supply of something that exceeds the demand
- 9. policy enacted by fed bank
- 10. the study of scarcity and the use of resources
- 12. measures monetary value of goods and services
- 13. demand for a product exceeds the supply
- 18. The measure of work done
- 19. when spending exceeds revenue
- 21. the total amount of goods and services available
- 22. policy enacted by government
- 23. The central bank that sets interest rates and manages the money supply
