General Welfare 2 Review

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Across
  1. 3. This is a measurement of how much people want a product
  2. 5. This up and down motion of the economy shows economic activity over time
  3. 8. One key to Classical Economics is to cut these
  4. 11. This is a measurement of how much of something is available.
  5. 12. This natural resource became a major player in world poltiics, and it's high price helped doom Carter's Presidency
  6. 15. This type of policy involves adjusting tax rates and government spending
  7. 17. Nixon and especially Reagan became the archetypes for this political viewpoint
  8. 18. FDR & LBJ became the 20th century archetypes for this political viewpoint
  9. 22. This measures all the people currently not employed in the United States
  10. 25. Liberal poltiicians want this size government
  11. 29. Reagan's economic ideas have been called ______ ______ Economics, implying the cascading effect of wealth.
  12. 30. this happens when irrational excitement leads a price to rise far above the value of the item
  13. 31. This economic standstill occurs when both Unemployment AND Inflation are high
  14. 32. Nixon used these to give federal funds to the states for distribution
  15. 33. this occurs when there is too much money in the Economy, making items cost more
Down
  1. 1. Reagan became known for this action, freeing up companies for growth and prosperity
  2. 2. Companies can create Artificial _____ by manipulating the supply of their product to increase price.
  3. 4. This is what Reagan's Economic policies are known as
  4. 6. Reaganomics rests on this belief that you need to increase supply to decrease inflation
  5. 7. JFK's VP & Great Society Creator
  6. 9. The Great Society sought to combat ignorance by focusing on funding
  7. 10. Nixon was this to Ike
  8. 13. War with this nation doomed funding and attention to the Great Society
  9. 14. Nixon created the ____ Protection Agency, a very liberal action
  10. 16. This Nixon-created agency oversees workplace safety
  11. 19. The belief that lower taxes will lead to more revenue has been derisivelly called _________ Economics by critics.
  12. 20. The economy has entered this when a Recession lasts several years
  13. 21. Reagan blamed this type of spending that puts you in debt for economic woes.
  14. 23. This type of policy involves the actual amount of money in circulation
  15. 24. The Economy is in one of these after 6 months of downturn
  16. 26. Conservative politicians want this size government
  17. 27. The Great Society declared war on
  18. 28. Together, Supply and Demand determine this