Across
- 3. rules set by government agencies that outline how businesses and individuals must act
- 5. the percentage of deposits banks must keep in their vaults, and not loan out
- 7. Economic _______ the government goal to determine what is a fair distribution of wealth and resources
- 8. Economic ________ the government goal to provide a safety net for citizens in case of economic crisis
- 10. the economic system combining public and private decision making
- 14. the FED taking part in buying and selling government bonds
- 17. the phase of the business cycle where unemployment increases
- 20. ______ rate - the percentage of people looking for work that cannot find a job
- 21. the economic system in which economic decisions are centrally planned by a government
Down
- 1. a government social insurance program consisting of retirement, disability and survivor benefits.
- 2. the price to borrow/loan money
- 4. the total value of goods produced and services provided in a country during one year.
- 6. ______ cost - the value of the next best alternative when making a choice
- 7. the phase of the business cycle where GDP increases
- 9. the economic system in which businesses and consumers control economic decisions
- 11. _______ policy - the use of government spending and tax policies to influence the economy
- 12. ______ policy - the Federal Reserve influencing bank actions to decrease/increase the money supply
- 13. federal health insurance for retirees 65 and over
- 15. federal health coverage for low income individuals regardless of age
- 16. Economic _______ the government goal to protect the right of individuals to own property, choose what to buy and sell, and where to work and live.
- 18. the concept that there is a limited amount of resources available to us
- 19. the price of goods and services increasing year to year