Across
- 7. Measurement of the prices in an average market basket of consumer goods and services over various years that calculates inflation
- 8. The amount of money that the federal government owes.
- 10. The central banking system in the United States.
- 12. The amount by which government spending exceeds revenues each year
- 16. The amount of money you pay before insurance will begin to cover your costs
- 17. Without government regulation, what does the law of supply and demand determine? (hint:what would consumer demand and producers willingness to supply determine?)
- 18. The value of any alternative that you give up when you make a choice.
- 22. Policy The use of open market operations, reserve requirement, and discount rate to promote economic stability
- 23. An economy in which the economic questions are decided mostly by individuals in the marketplace
- 25. A type of sales tax that is levied on a specific good or service (hint: also sometimes called a 'sin tax')
- 27. The type of unemployment that occurs when the skills of those looking for jobs (unemployed) do not match the jobs available
- 30. Goods that can be used for further production or the money to run a business.
- 31. The interest rate that the Fed gives to other banks
- 33. A loan to a corporation or government with a term of repayment/interest.
- 34. Unemployment that is based on weather and climate
- 35. A rise in the average level of prices.
- 36. 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. The type of unemployment that refers to those who are temporarily unemployed as a result of a move, starting a new job, graduating, i.e. 'in between jobs'
- 3. The amount of money the Fed requires a bank to keep in their reserve
- 4. A tax that can be shifted (at least in part)to a party other than the one on whom the tax is levied.
- 5. Policy Changing taxes and government spending to promote economic stability
- 6. Buying and selling bonds to either add money to or take money out of the economy
- 9. The most dangerous kind of unemployment, indicates a recession, and is the result of too little overall demand for goods and services
- 11. The money you make on an investment
- 13. The type of fiscal policy that causes the economy to run more rapidly by increasing spending and/or cutting taxes.
- 14. Protection against financial loss
- 15. The quantities of a product or service that a firm is willing and able to make available for sale at different prices.
- 19. 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.
- 20. A share of ownership in a corporation.
- 21. How easily an asset can be turned into useable money
- 24. A charge imposed by the government on people or property for public purposes.
- 26. The price at which the quantity demanded equals the quantity supplied.
- 28. A tax that takes a larger percentage of lower incomes and a smaller percentage of higher incomes.
- 29. The price paid for the use of money.
- 32. A type of economic system where the major economic questions are answered by a central authority.