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The Economy Crossword
Down
:
1) The idea that the free market, through supply and demand, will regulate itself if government does not interfere
2) the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system
3) a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP
4) the factors, land-labor-capital-entrepreneurship, that are used to create, produce, and sell products to the public
5) When there is too much supply of a product, and not enough of a demand
8) the branch of knowledge concerned with the production, consumption, and transfer of wealth
9) the value of the next best choice that is given up in a trade-off
13) When there is only one producer or seller of a good or service
Across
:
6) a nation that imports more than it exports
7) a situation in which consumers want more of a good or service than producers have available
10) a period of rising prices when the purchasing value of the dollar is falling
11) the market value of all goods and services produced in a nation's economy during a given time
12) a diagram indicating that the economy consists of households and firms interacting in a goods-and-services market and a labor market
14) two goods that are bought and used together
15) price and quantity combination where supply equals demand.
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