Economics Culminating Assignment Crossword

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Across
  1. 2. The monetary worth of something
  2. 5. A factor of calculating GDP were people in the US buy US goods and services
  3. 7. Freedom A characteristic of a capitalistic free market economy allowing people to choose how they are employed and who employs them (two words)
  4. 9. When the producers supply more than what consumers are demanding
  5. 10. When the government places a price _______, they don't allow suppliers to charge above a certain level.
  6. 15. monetary policy When the FED increases the money supply. (3 words)
  7. 19. One of the 4 types of unemployment, this unemployment is caused by changes in the weather.
  8. 20. An economic ideology that supports trade barriers on goods.
  9. 21. The _______ phase of the business cycle is when the total GDP is increasing
  10. 22. Congress can do 3 things to the federal budget after the executive branch creates it, they can Approve, _________, or disapprove it.
  11. 24. The ________ rate is how the government sees what percentage of people are unemployed
Down
  1. 1. Determinant of demand, goods that are related to other goods
  2. 3. Smith The philosopher who created the idea of modern capitalism (Full Name)
  3. 4. The natural resources used to make something
  4. 6. A tax in which everyone needs to pay the same percentage of their income in taxes.
  5. 8. The total amount of goods or services that producers are willing to produce
  6. 9. When GDP is shrinking, the unemployment rate rises above 5%, and the inflation rate is more than 4%
  7. 11. When the quantity supplied and the quantity demanded are the same amount
  8. 12. A type of spending that continues without the need of government approval
  9. 13. When the inflation rate skyrockets and prices increase rapidly
  10. 14. Price Index How we find out what the inflation rate is (3 words)
  11. 16. The ______ market is where people buy and sell goods and services
  12. 17. An economist that said the government should help out the economy even if it causes a deficit. (last name only)
  13. 18. Taxes that are placed on goods imported from other countries to increase prices in the consumer market
  14. 23. curve A graph of the total quantity demanded (two words)