Across
- 7. costs that are not affected by changes in output
- 8. curve that shows increasing opportunity costs
- 10. when actions of a person have an impact on others
- 12. the percentage of the workforce that is unemployed
- 13. recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
- 15. competition that has only one firm that sets prices
- 16. an increase in money supply increases the quantity of investment demanded because of a decrease in ____.
- 17. minimum price below which the product cannot be sold
- 18. when the interest rates in a country rise, the value of their ______ increases.
Down
- 1. the period of time in which state of the economy declines
- 2. a grant or contribution used to increase the supply of goods with positive externalities
- 3. factor market in which there is a sole firm that has market power
- 4. a decrease in government spending results in a decrease in _____.
- 5. loss of funds for private investment caused by government borrowing
- 6. C + I + G + (X – M)
- 8. tax where the proportion of income paid in taxes rises as income rises
- 9. excess burden caused from not being at the competitive market equilibrium
- 11. indirect costs included in economic profit
- 14. models strategic interactions of firms in oligopoly markets
- 16. general increase in prices over time