Across
- 6. Natural rise and fall of economic growth over time.
- 9. Private ownership with competition; markets determine prices/outputs.
- 10. Percent of labor force jobless and seeking work.
- 11. Rivalry among sellers to attract customers, influencing prices.
- 12. Transfer of private businesses or assets to government control.
- 14. Government may own key industries; production planned for equity.
- 15. Total value of goods/services produced in a nation.
Down
- 1. Many sellers offering differentiated products; some price control.
- 2. Price where quantity demanded equals quantity supplied.
- 3. Economic decline; GDP falls at least two consecutive quarters.
- 4. Resources used to produce goods and services.
- 5. Spending exceeds revenue.
- 7. General increase in prices, reducing purchasing power.
- 8. Transfer of government-owned businesses to private ownership.
- 13. Measures changes in average price levels over time.