Across
- 4. The ice cream machine at McDonald's is broken, so people buy milkshakes instead. In this situation, the milkshakes are which determinant of demand?
- 5. This type of economy changes over time and people can make decisions that are in their best interests. The U.S. has this type of economy.
- 9. When both buyers and sellers willingly make a transaction that they will both benefit from. (2 words)
- 12. This type of spending does not need to be approved by Congress.
- 14. Sally left her job and is unemployed because she wanted to follow her passion and start a restaurant that specialized in making banana and mayonnaise sandwiches. Which type of unemployment is this?
- 15. The best kind of interest because instead of earning just from the original investment you earn off all of the money. This leads to the exponential growth of your money.
- 16. The government makes the maximum price for cars $1. All cars sell out instantly. The car industry dies. The environment is in shambles. What kind of price control is this?
- 18. A large influential company called Mega corp. has many stocks that sell for a lot of money. Mega Corp. is currently the most influential infrastructure company in the U.S. What kind of company is this? (2 words)
- 20. The FED increases the money supply because there is a recession. What kind of monetary policy is this?
- 21. Instead of investing in one stock, Edward decided to invest in a collection of stocks. What has Edward invested in? (2 words)
- 23. A factory worker would be included in which factor of production?
- 24. The government made wayyy more money than they should have, and the current CPI is %75. The world is ending. What economic problem is indicated here?
- 25. Dave sacrificed 2 hours of sleep to get to work on time. The sacrifice Dave made in order to get the opportunity to go to work is called what? (2 words)
- 26. A mutual fund primarily invests in companies based in the U.S. What kind of mutual fund is this?
Down
- 1. Once upon a time Jeff used to be a professional snowball maker, but now a company has released new technology to speed up global warming and now Jeff is unemployed. Which type of unemployment is this?
- 2. A list of prices and Qd makes up a... (2 words)
- 3. The nation's central bank that is basically a bank for banks. (2 words - NOT the acronym)
- 6. Prices increase drastically because the government decides that for every product a company makes they must pay the price that it cost them to make that item to the government. This is which factor of production? (2 words)
- 7. When you get another one of something and have an additional satisfaction from it, this is known as... (2 words)
- 8. The economy is maxed out high, and everyone has a job and CPI is %2. Also, the GDP has been growing steadily. Which phase of the business cycle is this?
- 10. Apple changes the price of iPhones to $10,000, so a lot less people buy them. Generally when the price of an item increases, demand decreases, and vice versa. What is this known as? (3 words)
- 11. The demand for roombas decreases because people expect that soon there will be a robot apocalypse leaving most people unemployed. Which determinant of demand is this?
- 13. There is a zombie apocalypse and the GDP has dropped drastically, and the unemployment rate is at %75. The CPI is also at %2. Which economic problem is indicated here?
- 17. What kind of taxes are sales taxes?
- 19. What are mutual fund investors paid?
- 22. The government spent 3.5 trillion dollars last year but it only took in 2.5 trillion dollars. That means there is a government _______.