Across
- 1. borrowing money to spend it
- 4. trading of goods or service
- 5. means of payment
- 7. private spending on tools for future output
- 8. money supply of M1 plus saving deposits
- 10. financial obligations a firm owes another
- 13. products produced externally but purchased internally
- 15. money supply composed of currency, checks, etc.
- 17. outputs that provide benefits without product
- 18. money that has no value except for as exchange
- 20. products produced internally but purchased externally
- 22. money that uses an actual good, such as gold or silver
- 23. portions of deposits banks do not loan out
- 24. unemployment caused by economic downturns
- 25. when overall prices fall
- 26. the physical bills/coins used for payments
- 27. GDP adjusted for price changes
Down
- 2. how much your money can buy
- 3. short run fluctuation in economic activity
- 6. percentage of the unemployed labor force
- 9. not employed, but looking unsuccessfully
- 11. items a firm owns
- 12. growth in the overall level of prices in an economy
- 14. balance sheet with assets equal to it's liabilities
- 16. Short term economic downturn
- 19. unemployment caused by time-lags in finding employees
- 21. unemployment due to changes in the structure of the economy