Across
- 7. The Fed to try and increase or decrease the money supply to try and fight high inflation, a recession, and stagflation (2 words)
- 8. When consumers expect a price to increase or decrease in the upcoming weeks or months
- 11. Unemployment caused by a fundamental change in the economy causing a reduction in demand for some workers, often technology changes (2 words)
- 13. When the government spends more than it takes in (2 words)
- 15. The same percentage of tax on everyone regardless of income status (2 words)
- 17. When GDP is maxed out
- 18. There is no such thing as a free lunch
- 20. A limit placed on the amounts of a product that can be imported
- 21. Traditional, Command, and Market (2 words)
- 23. A price floor and a price ceiling (2 words)
- 25. A list of prices and quantities (2 words)
Down
- 1. The cost of the next best alternative (2 words)
- 2. When a job only happens during certain seasons like a lifeguard (2 words)
- 3. Can trade with anyone around the world (2 words)
- 4. When there aren't enough resources to produce everything everyone wants
- 5. Land, Labor, Capital, Entrepreneurship (5 words)
- 6. Today the United States is what kind of tax system
- 9. A place where goods and services are bought and sold (2 words)
- 10. All of the partners share the everyday decision making and are equally responsible for the finances (2 words)
- 12. Extra usefullness or additional satisfaction a person gets from owning or using one or more of a unit or product (2 words)
- 14. How many dollars worth of all goods and services made in America over a year
- 16. An overall increase in prices
- 19. The percentage of individuals who are 16 years or older who want a job but don't have one (3 words)
- 22. When there is too much of a product
- 24. The quantity of a good or service that producers are willing to produce at a time