Final Econ Project - Hannah Wardrope

Edit Answers
12345678910111213141516171819202122232425
Across
  1. 1. The worst kind of unemployment
  2. 3. How many dollars worth of goods and services were made in America overtime (3 words)
  3. 4. Someone who starts a business
  4. 6. Spending that must be approved by Congress in the annual budget (2 words)
  5. 7. A business that’s owned by one person with no distinction between the business and owner (2 words)
  6. 8. People who favor trade barries to protect domestic industries
  7. 10. A maximum price for a product. Here, the government does not allow the price to go above a certain level (2 words)
  8. 13. Places where goods and services are bought and sold (2 words)
  9. 18. Something that market economies have a high degree of
  10. 20. Rules that businesses have to follow
  11. 23. Rapid, uncontrolled inflation at very high rates
  12. 24. A list of prices and quantities (2 words)
  13. 25. When a change in price causes a small change in quantity demanded (2 words)
Down
  1. 2. Goods that businesses make other goods out of (2 words)
  2. 5. Actions by Congress to increase or decrease aggregate demand (2 words)
  3. 9. Spending authorized by law that continues without the need for annual approvals by Congress (2 words)
  4. 11. Something tangible that satisfies our wants or needs
  5. 12. GDP is bottomed out low. Therefore, the unemployment rate is probably high, and the inflation rate is probably low
  6. 14. The cost of the next best alternative (2 words)
  7. 15. Products that can be used in place of other products (2 words)
  8. 16. The total amount of goods and services that everyone in America wants to buy (2 words)
  9. 17. A type of spending that is the largest part of GDP
  10. 19. Money paid to businesses
  11. 21. The study of how humans choose to use their scarce resources to satisfy their unlimited wants
  12. 22. Believed that if the government is active during times of recession, it will only make things worse