Across
- 2. What is the study of the economy as a whole?
- 6. What term is used for a sustained increase in the general price level?
- 8. What type of economy is controlled by a central authority?
- 12. What is the term for a system where goods and services are exchanged without money?
- 13. father of economics
- 14. What is the opposite of inflation, involving a decrease in the general price level?
- 15. What is the study of individual markets and the behavior of consumers and firms?
Down
- 1. A transaction that includes an exchange of services or goods for a certain amount of money
- 3. what term refers to the total value of goods and services produced in a country?
- 4. What term describes the amount by which the quantity supplied exceeds the quantity demanded?
- 5. what is the term of money earned from work or investments
- 7. is to produce the goods and services to generate wealth that we want for ourselves
- 9. What term describes the amount by which the quantity demanded exceeds the quantity supplied?
- 10. What is the study of how people use resources to satisfy needs?
- 11. what term describes a market structure with only one seller