Across
- 9. Factor of production. Reward is profit
- 10. ____ rate = value of your currency compared to others
- 11. When you spend more than you receive
- 12. Goods sold to other countries
- 14. Amount people are willing and able to buy at a given price
- 15. ____ policy = adjusting interest rates to encourage/discourage spending
- 16. Appreciation is when your currency ____ in value
Down
- 1. GDP stands for Gross Domestic _____
- 2. When your currency decreases in value
- 3. Government money to encourage production
- 4. Money people give to the government
- 5. ____ Unions = organisations fighting for workers' rights
- 6. When price levels increase
- 7. Steep supply curve. 0<PES<1
- 8. The money people gain when saving
- 13. Goods brought in from other countries