Across
- 3. What does it mean when the Unemployment rate is 5% or less?.
- 5. The value of the next-best alternative.
- 7. What is it called when GDP is low, so unemployment is high?.
- 9. What is it called when the FED uses its power to increase or decrease the money. supply?
- 12. The study of the behavior and decision making of an economy as a whole.
- 13. actions by Congress to increase or decrease aggregate demand to fight inflation, recession, or stagflation is called?.
- 16. The study of how people try to satisfy their needs and wants with limited resources.
- 18. The desire, ability, and willingness to buy a product.
- 19. The point where the supply curve and the demand curve cross is called….
- 20. When a change in price causes a big change in quantity demanded
- 21. Which of the 5 C’s of creditworthiness definitions is this “the consumers,what they need to pay and how much there making ratio”.
- 22. What is it called when a lender determines that you will default on your debt obligations, or how worthy you are to receive new credit?.
- 23. The idea that there are a limited. amount of resources to meet unlimited wants and needs.
- 24. The amount of a product offered for sale at all available prices.
- 25. What is it called when you calculate how many dollars worth of goods and services are made in a country over time (typically one year).
Down
- 1. When a change in price causes only a little change in quantity demanded
- 2. What is the name of the people who prefer fewer or even no trade restrictions?.
- 4. The study of the behavior and decision making of individuals and businesses.
- 6. Which of the 5 C’s of creditworthiness definitions is this”The amount of money the consumers have total”?.
- 8. What is it called when prices are not going up too quickly?.
- 10. The Fourth Largest source of federal revenue is called?.
- 11. What is it called when there is a Recession and Inflation happening at the same time?.
- 14. Which of the 5 C’s of creditworthiness definitions is this “the consumers past credit spendings”?.
- 15. Which of the 5 C’s of creditworthiness definitions is this “something for something so if the person/bank gives you money they have something that they know you will want back so theyll keep it till you pay them back”.
- 17. spending of social security is called...