Economics Part 2

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Across
  1. 4. Total government control
  2. 8. Supply and demand are equal
  3. 9. Private ownership of economic resources
  4. 11. Characterized by marketplace competition; the role of the government is to support the people
  5. 12. Final step of the decision-making process
  6. 13. The decision-making process includes _____ steps
  7. 15. ________ could result from: war efforts, price of imports, & too much money in circulation
Down
  1. 1. Human resources, natural resources, & capital resources
  2. 2. A deep recession
  3. 3. The law of demand states that if price increases, the quantity demanded by consumers will _______
  4. 5. Rise and fall of economic activity over time
  5. 6. Things you can see and touch
  6. 7. Satisfied through the efforts of other people
  7. 10. The study of producing, distributing, and consuming goods & services
  8. 14. Things you would like to have