Macroecon 1&2 Crossword
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
                                                      
 
 
Down: 1) the study of how society manages its scarce resources2) the study of how households and firms makes decisions and how they interact in markets5) whatever must be given up to obtain some item7) an increase in the overall level of prices in the economy8) the limited nature of society's resources10) claims that attempts to prescribe how the world should be13) the ability of an individual to own and exercise control over scarce resources17) something that induces a person to act19) the property of distributing economic prosperity uniformly among the members of society Across: 3) the study of economy wide phenomena including inflation,unemployment, and economic growth4) a situation in which a market left on its own fails to allocate resources efficiently6) an economy that allocates resources through the decentralization decisions of many firms and households as they interact in markets for goods and services9) fluctuation in economic activity, such as employment and production11) the quantity of goods and services produced from each unit of labor input12) a visual model of the economy that shows how dollars flow through markets among household and firms14) a small incremental adjustment to a plan of action15) a graph that shows the combinations of output that the economy can possibly produce given the available factors of production and the available production technology16) claims that attempt to describe the world as it is18) the property of society getting the most it can from its scarce resource20) people who systematically and purposefully do the best they can to achieve the objective21) the ability of a single economic actor (or small groups of actors) to have a substantial influence on market prices22) the impact of one person's actions on the well being of a bystander
 

 

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