Economics Vocab Review Puzzle

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Across
  1. 2. The total dollar value of all goods and services produced in a country in a year.
  2. 5. A Tool of the FED to manage the money supply by regulating the interest rate for borrowing money
  3. 8. The transfer of the ownership, control, and operation of a business from government to private individuals and businesses
  4. 11. This tax was authorized by the 16th Amendment and is now the largest piece of the US revenue stream
  5. 12. When a country spends more than it brings in during a year
  6. 13. An economy in which production, output, and pricing are controlled by the state
  7. 15. An economic policy controlled by the Federal Reserve to manage the money supply in the US
  8. 17. A tool the FED uses to control how much money private banks have to hold for their customers.
  9. 20. An economic policy involving taxing and spending plans of the Congress and the President
  10. 21. The part of the federal budget that Congress can control
  11. 26. The central banking system of the US that manages the money supply.
  12. 27. When a country spenreceivesthan it brings in during a year.
  13. 28. A health insurance program for the elderly
Down
  1. 1. An increase in the cost of goods
  2. 3. The total dollar amount of all money owed by the US
  3. 4. A tax in which every person pays the same flat percentage of their income in tax.
  4. 6. The largest part of the US budget made up of payments to individuals that must be made each year.
  5. 7. A policy document setting out how much money a country will bring in from taxes and how much money it will spend.
  6. 9. A proposed law that authorizes the spending of money from the US treasury
  7. 10. Any money that a person or business receives in a year.
  8. 14. A tax that is based on a person's income and their ability to pay
  9. 16. An independent regulatory agency that regulates the stock market and financial industry.
  10. 18. Mandatory spending on Social Security, Medicare, and Medicaid
  11. 19. The mandatory retirement program run by the US government for its people.
  12. 22. An economic system based on private ownership of the resources and business while operating for a profit
  13. 23. Any money that a person or a business pays to the government
  14. 24. This regressive tax is the biggest source of income for the local governments.
  15. 25. A tax that is not based on a person's income or ability to pay.