Across
- 3. The quantity of a good or service that consumers are willing and able to purchase at various prices.
- 6. The process by which a central bank manages the money supply and interest rates to control inflation and stabilize the economy.
- 8. The price of one country’s currency in terms of another currency.
- 10. Occurs when the quantity demanded exceeds the quantity supplied at a specific price.
- 11. Physical assets (machinery, buildings, tools) and financial resources used in production.
Down
- 1. The percentage charged by lenders to borrowers for the use of money, typically expressed annually.
- 2. The percentage of the labor force that is unemployed but actively seeking employment.
- 4. The government’s use of spending and taxation to influence economic activity.
- 5. A period of economic decline lasting at least two consecutive quarters, characterized by falling GDP and rising unemployment.
- 7. The output of goods and services per unit of input (like labor, capital, or time).
- 9. Occurs when the quantity supplied exceeds the quantity demanded at a specific price.