Across
- 5. Level of unemployment during the Great Depression.
- 9. A major concern in 1970s economic policy.
- 10. Changing realities that led to new schools of thought.
- 11. Tools used by governments in macroeconomic management.
- 12. Describes the type of market monetarists emphasized.
- 13. Economist who revolutionized thinking after the 1930s.
- 14. Another term used for the neoclassical school.
- 16. When inflation and unemployment rise together.
- 18. Theory that reemerged and adapted classical ideas post-1970s.
- 21. Description of classical models during the 1930s crisis.
- 23. School led by Milton Friedman.
Down
- 1. Followers of John Maynard Keynes.
- 2. Area of economics focused on by Keynesians.
- 3. Economist who challenged Keynesian theory in the 1970s.
- 4. Type of economic theory associated with controlling inflation.
- 6. Publication by Adam Smith which marked the beginning of classical theory.
- 7. Period of economic shrinkage and inactivity.
- 8. Condition of economies during the 1930s global crisis.
- 9. Refers to a system of economic beliefs or theories.
- 15. Approach within classical economics emphasizing production.
- 16. A key focus of neoclassical and monetarist policy.
- 17. The economic theory that dominated from the 1750s onwards.
- 19. People who follow and develop economic theories.
- 20. Major issue addressed by Keynesian theory.
- 22. What early economic theories were rich in.
