Across
- 3. consumer’s urge to buy goods and services
- 4. supply the amount of money that is saved for investments or payments
- 5. John(a poor old man who lives on the streets) and Bob(a large corporation owner who makes 6 figures) are paying the same amount of taxes
- 6. a phone
- 9. policy government spending and taxes that influence the ecomony
- 10. the study of use of resources and production
- 12. Inflation big increase in prices overtime
- 13. decline in economic activity in a certain period of time
- 15. curve a graph that shows demand and price__________
- 17. there is no such thing as a free lunch
- 18. John(a poor old man who lives on the streets) pays a large percentage of taxes while Bob(a large corporation owner who makes 6 figures) pays a small percentage of taxes
- 20. people who buy or use goods and services to satisfy their wants.
- 22. a good that can’t be attained because of scarcity
- 23. of production- land, labor, capital, production, entrepreneurship
- 25. a haircut
Down
- 1. losing a job and not working for a long time
- 2. increased prices overtime
- 7. cycle a cycle with lots of swings
- 8. the demand for a good or service is greater than the availability of the good or service
- 11. decrease in government spending
- 14. amount of goods and services produced in one year
- 16. taxes cut and increased government
- 19. buying a new shirt from the store, this is an example of what?
- 21. combination of high inflation and high economic growth
- 24. curve a graph that shows supply and price__________