Across
- 7. A loan to a corporation or government with a term of repayment/interest.
- 9. The amount of money that the federal government owes.
- 10. A share of ownership in a corporation.
- 11. A tax that takes a larger percentage of lower incomes and a smaller percentage of higher incomes.
- 13. The type of fiscal policy that causes the economy to run more rapidly by increasing spending and/or cutting taxes.
- 15. A charge imposed by the government on people or property for public purposes.
- 17. The price at which the quantity demanded equals the quantity supplied.
- 19. The quantities of a good that consumers are willing and able to purchase at various prices during a given period of time.
Down
- 1. A tax that takes a larger percentage of higher incomes and a smaller percentage of lower incomes.
- 2. A rise in the average level of prices.
- 3. The quantities of a product or service that a firm is willing and able to make available for sale at different prices.
- 4. The amount by which government spending exceeds revenues each year
- 5. A tax that can be shifted (at least in part)to a party other than the one on whom the tax is levied.
- 6. The value of any alternative that you give up when you make a choice.
- 8. Goods that can be used for further production or the money to run a business.
- 10. The condition that occurs because people’s wants and needs are unlimited, while the resources needed to produce goods and services to meet these wants and needs are limited.
- 12. An economy in which the economic questions are decided mostly by individuals in the marketplace
- 14. The price paid for the use of money.
- 16. A type of economic system where the major economic questions are answered by a central authority.
- 18. The central banking system in the United States.