Across
- 4. the fed and congress should use contractionary policies when theres this kind of problem
- 5. a chart showing the quantity demanded of a good or service at different times. (2 words no spaces)
- 8. a mix of recession and inflation together
- 11. trade restriction that limits the number or value of goods that a country can import or export during a particular period.
- 12. what is the worse kind of unemployment?
- 13. when everyone wealthy or not pays the same percentage of their income in taxes
- 16. a kind of unhealthy economy, it's when GDP is shrinking and the unemployment is too high
- 17. people who want to limit international trade.
- 18. how can the government spend more money than it collects in taxes?
- 21. consumer price index
- 22. the main measure of overal price increase
Down
- 1. besides low inflation and economy growth what else does an economy need to be healthy?
- 2. when the government spends MORE money than they get in taxes. (2 words no spaces)
- 3. the largest category of gov spendings
- 6. people who dont want to limit international trade(2 words no spaces)
- 7. federal spending authorized by law and continues without the need for annual approvals by congress (2 words no spaces)
- 9. policy by the fed to increase money supply
- 10. the sum of all persons age 16 and up who are either working or looking for a job
- 13. when people with larger incomes pay a higher percent of their income in taxes
- 14. when people with lower incomes pay a higher percentage of their taxes.
- 15. the higher the price of a good, the less people are going to buy it, and vice versa.(3 words no spaces)
- 17. a minimum price for a product/resource (2 words no spaces)
- 19. gross domestic product
- 20. shortage and ___ are the two different kinds of disequilibrium
- 23. tax that's to be paid on a particular class of imports or exports.