Across
- 5. where supply and demand match eachother
- 7. limited resources but unlimited wants
- 8. producing more of a good with the same amount of resources
- 10. general increase in prices and decrease in purchasing power
- 11. export prices for import prices
- 12. period of declining GDP and higher unemployment
Down
- 1. value of what you give up when making decisions
- 2. use of resources to produce 1 or limited goods
- 3. producing a good with lower opportunity cost
- 4. graph that visualizes trade-offs
- 6. products where consumption increases as income goes down
- 9. the amount buyers will buy at certain price points
- 13. the amount of a good sellers will sell at certain price points