Across
- 1. opposite of budget surplus
- 4. calculated by the US census and equals the employed and unemployed
- 10. where supply and demand cross on a graph
- 11. net exports= ____ minus imports
- 13. every person's worst nightmare (especially economists)
- 15. how easy something is to turn into money
- 17. what you give up to do something else
- 18. doing something one more time
- 20. includes currency held by the public and bank reserves
- 22. opposite of real GDP that doesn't account for inflation
- 24. how much of your currency it takes to buy 1 unit of another nation's currency
Down
- 1. money left to spend after paying taxes
- 2. profit/price of investment
- 3. land, labor, _____, and entrepreneurship are the factors of production
- 5. current account and capital accounts should always balance out to what
- 6. in order to invest cost has to be ____ than benefit
- 7. ___ and inflation is what the phillips curve is graphed about
- 8. shows the resource and product market and how businesses, the government, and households interact with it
- 9. consumption + gross investment + government spending + net exports
- 12. technology always causes supply and demand to ____
- 14. policy government's decision on collecting and spending revenue and taxes
- 16. paying for goods or services (ex. exchanging coffee for money)
- 19. a type of unemployment with those between jobs or looking for their first jobs
- 21. another word for government securities
- 23. sell high, buy ____
