vocab econ

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Across
  1. 3. Economics is the study of scarcity and its implications for the use of resources, production of goods and services,
  2. 4. a type of government-issued currency that is not backed by a precious metal, such as gold
  3. 6. the use of government spending and taxation to influence the economy
  4. 8. influence the availability and cost of money and credit in the economy
Down
  1. 1. The time it takes for the approved policy to be carried out.
  2. 2. The time it takes for the policy to begin having an impact on real GDP and employment.
  3. 5. money spent for the public
  4. 7. the ability of the consumer to acquire goods or services prior to payment