Economics Project Riley McCombs

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Across
  1. 3. What was the most significant period of negative GDP growth in United States History?
  2. 7. What is the act of exchanging one thing for another?
  3. 9. In the United States, which area of the economy frequently subtracts from the GDP?
  4. 10. What type of economic system is the most common?
  5. 13. What is the impact on “Quantity Supplied” if the number of firms in the market decreases? (Increase or Decrease)
  6. 16. What is a total of all of the money earned within the United States?
  7. 17. When people with a higher income are taxed at a higher rate than those with a lower income, what tax is it?
  8. 18. According to the “Law of Supply”, as the price of a product increases, the quantity supplied will...
  9. 24. What measure of the economy is the broadest measure of economic growth?
  10. 25. The cycle of ups and downs in the economy is known as...
Down
  1. 1. A person who is making rational economic decisions when purchasing a good or service is first considering...
  2. 2. What is the largest form of debt that most people will have in their lifetime?
  3. 4. What type of economic system is the least common?
  4. 5. The theory of Monetarism was most strongly pushed by which economic thinker?
  5. 6. When all members of the society are taxed at the same rate, what tax is it?
  6. 8. What is the money that you’re charged for borrowing money?
  7. 11. What is the greatest cost of taking on credit?
  8. 12. What is the study of how people, businesses, and nations use their limited resources?
  9. 14. When people with a lower income are taxed at a higher rate than those with higher income, what tax is it?
  10. 15. Using Law Of Demand, what factor has the greatest impact on “quantity demanded”?
  11. 19. What is the impact on “Quantity Supplied” if there is an advancement in technology? (Increase or Decrease)
  12. 20. What is the basic problem in economics?
  13. 21. What is the primary responsibility of consumers in our economy?
  14. 22. Fractional reserve banking, in combination with the “money multiplier'' allows the Fed to increase or decrease...
  15. 23. What is the impact on “Quantity Supplied” if taxes are increased? (Increase or Decrease)