economics terms

4. A combination of high inflation and high unemployment.
5. Refers to the degree to which individuals, consumers, or producers change their demand or the amount supplied in response to price or income changes.
10. Calculated from the market value of all the finished goods within a country over a set period of time.
11. Refers to the idea that governments should leave the economy alone as much as possible.
12. Investor who expects the price of an asset or assets in general to fall.
13. The legal tender in a country by a government.
14. A general rise in the price level.
15. Something that can be used to create economic value.

1. The investment that an entrepreneur puts into a new project or business.
2. When the interest rate on a bond, or other financial instrument, is invariable.
3. A raw material, such as oil or copper, that is usually traded in bulk.
6. The rise in the value of an asset.
7. A prolonged and sharp fall in economic output, associated with a high level of unemployment.
8. Falling prices across an entire economy.
9. Investor who expects the price of an asset or assets in general to rise.
12. IOUs issued by a borrower which normally promise repayment of the money on a set date (the maturity) with regular interest payments during the life of it.