Across
- 4. Form indicating income from employer
- 6. All the money the Fed owes
- 7. How much buyers and sellers respond to changes in the market
- 8. The ease of turning an asset into cash
- 9. Payment from firm's owners to cash
- 11. High inflation and high unemployment
- 12. Goverment use of taxes, spending, and transfer payments
Down
- 1. When consumers switch to cheaper alternatives when price rises
- 2. When the higher price of a good leads to the lower demand of that good
- 3. National defense, street lights, etc.
- 5. Demand of goods and service is greater than available resources
- 10. Illegal agreement to control a market