Across
- 4. average income per person in a country
- 7. father of free enterprise
- 8. north american free trade agreement
- 9. used to predict future economic activity
- 11. after tax income for retirement
- 13. central banking system of the US
- 17. not backed by physical commodity
- 19. world trade organization
- 20. money set aside in case of emergency
- 22. how much a business is worth
- 23. lowest point in a business cycle
- 24. highest point in a business cycle
Down
- 1. temporary economic decline
- 2. cost of imports exceeds value of exports
- 3. ability to produce more products efficiently
- 4. money was backed by gold or precious metal
- 5. taxing imports to protect country
- 6. introduced fiscal policy
- 10. increase in the value of one currency
- 12. income exceeds expenditures
- 14. temporary economic growth
- 15. ability to produce more products physically
- 16. stopped inflation by stopping the printing of money
- 18. created reagonomics
- 21. trade without tariffs, quotas etc.