Across
- 6. Cost of a country's imports exceeds the value of it's exports
- 8. Temporary economic decline
- 9. Measure of average income per person in a country
- 10. When an individual or group produce more efficiently than others
- 11. Money the government gives to help the economy
- 12. The father of free enterprise
- 14. Introduced fiscal policy and believed unemployment was bad
- 17. General increase in prices and fall in the purchasing value of money
- 18. Something that causes an excess in supply or a surplus
- 19. Shows the variation in prices paid by typical consumers
- 20. The effectiveness and/or effort in an industry
- 21. When something is useful, profitable, or beneficial
- 22. Shortage in supply
- 23. The central banking system of the United States
- 27. The macroeconomic policy laid down by the central bank
- 30. An increase in the value of one currency
- 32. A time of economic growth
- 33. An austrian and british economist and philosopher(classical liberalism)
- 34. Decision-making tool to help maximize profits
- 40. The amount to which a person has a right
- 42. World Trade Organization
- 44. Formal authorization or proposition
- 45. The highest point in an economy's phase
- 46. North American Free Trade Organization
- 47. Is the sister strategy to monetary policy
- 48. When income exceeds expenditures
Down
- 1. System in which the currency is defined in terms of gold
- 2. Political theory of social organization
- 3. When all who are able and willing to work are employed
- 4. Low in resources and/or supplies
- 5. An individual retirement account to set aside
- 7. Shielding a country's domestic industries from foreign competition
- 9. Total amount of goods produced and services provided in a country during one year
- 13. Control of the supply or trade in a commodity or service
- 15. A state of limited competition
- 16. A political theory derived from Karl Marx
- 24. Allows analysis of economic performance and predictions
- 25. Wants to stop inflation and stop printing money
- 26. An amount of money set aside for emergencies
- 28. Lowest wage permitted by law
- 29. When the price charged is more than or less than the equilibrium price
- 31. When an individual or group produce more quickly than others
- 33. A political and economic theory made by Adam Smith
- 35. An attitude of letting things go their own course
- 36. Money granted by the government so prices of a commodity or service remain low
- 37. A key measure of how much an entity is worth
- 38. International trade without without tariffs quotas, or other restrictions
- 39. When a country's trade and industry are controlled by private owners for profit, rather than by the state
- 41. The lowest point in economy's phase
- 43. Excess in resources and/or supplies