Type
Crossword
Description

......... means the general level of prices go up. Inflation
Inflation is the ............. of money decrease
An ................. bubble occurs when demand push inflation leads to assets becoming overvalued. Asset
........... often occurs when the asset bubble bursts. deflation
Inflation is a general and ....... rise in the level of prices of godsend services. sustained
..... inflation is when prices rise at phenomenal rates and money becomes almost worthless. runaway
........today tend to agree that the main cause of inflation is .... much money chasing too few goods. Economists
The money supply may expand to meet ..... and cost pressures. demand
..... Price index is important for the economy. Consumer
Price deflator reduce the ......... power of wages, profits, pensions etc. purchasing

GDP, Inflation and Unemployment Crossword

Type
Crossword
Description

What does C+I+G+(Export-Imports)=? GDP
What happens to our economy if one sector grows? Grows
What does GDP stand for? Gross Domestic Product
Decrease in general price level of good and services Deflation
Explanation of how inflation is affected by demand Demand-Pull Theory
Shows how the average price of a standard group of goods changes over time Price Index
What does CPI stand for? Consumer Price Index
General price levels rise due to increase in the cost of wages and raw materials Cost-Push Theory
Portion of a loan that is charged as interest to the borrower Interest Rates
Explains cause & effect relationship between raising wages & prices. Wage-Price Spiral

GDP Crossword

Type
Crossword
Description

when the unempoyment rate is higher than the natural unempoyment rate,real GDP is Smaller
the inflation rate is the annual percentage change in real GDP
A steady long-term increase in real GDP is Eeconomic Growth
income not used for consumption is saving
GDP measured in current prices normal GDP
the average of all prices in the economy price level
the unempoyment rate consistent with a constant inflation is called NAIRU
when inflaton is at the double or triple digits,we call that hyperinflation
when the general level of prives is rising,we call that inflation
when prices rise slowly and predictable,we call that low inflation
why will some businesses not employ people? experience
what could an alternate name for unemployment be jobless
real GDP per capita is used by economists as measure of productivity
money spent on the purchase of new house is included in the GDP as part of investment
Any money paid for the services of labor wages

Economic Systems Crossword

Type
Crossword
Description

Way in which humans allocate scarce resourced to produce various commodities and how those commodities are distributed for societal consumption Economics
Goods and services desired but not necessary for survival Human wants
Goods and services necessary to survival Human necessities
Human skills required to start and run a business Entrepreneurship
Materials used to make goods and services Factors of Production
Amount of a product available to the market Supply
Consumer's willingness to buy a product Demand
Occurs when a product is produced in larger quantities than it is demanded Surplus
Occurs when a product is demanded in larger quantities than it is produced Shortage
Occurs when a product is demanded in the same quantity it is produced Equilibrium
Amount of goods and services the people of a country can buy Standard of Living
General increase in the cost of goods and services Inflation
General decrease in the cost of goods and services Deflation
When the government spends more on programs than it collects in taxes Budget Deficit
Total amount of money owed by the federal government National Debt
When the government collects more in taxes than it spends on programs Budget Surplus
Rise and fall of economic activity over time Business Cycle
Decline in economic activity Recession
A deep, long-term decline in economic activity Depression
Rise in business activity after a recession or depression Recovery

Unemployment and Inflation Crossword

Type
Crossword
Description

When someone of working age is not able to get a job but would like to be in full-time employment Unemployment
Refers to people who are jobless but official figures do not include them Hidden unemployment
The unemployment which exists in any economy due to people being in the process of moving from one job to another Frictional unemployment
Form of unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers structural unemployment
When workers lose their jobs because of downturns in the business cycle. cyclical unemployment
The total demand for goods and services within a particular market aggregate demand
The monetary value of all the finished goods and services produced within a country's borders in a specific time period GDP
Tax levied directly on personal income income tax
A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions. tax
A general increase in prices and fall in the purchasing value of money inflation
A fall in the inflation rate disinflation
Reduction of the general level of prices in an economy deflation
Measurement of the change in prices of a basket of goods and services consumed by the average household consumer price index
Measurement of the change in prices of factors of production producer price index
When a person or business cannot repay their outstanding debts Bankruptcy

Great Depression Crossword Puzzle

Type
Crossword
Description

We adapted a policy of _____________ when we fell into depression. Isolationism
The economic crisis that happened in the US and many other nations beginning with the stock market crash in 1929 and continuing through most of the 1930's. Great Depression
October 29, 1929; the day that the stock market crashed. Black Tuesday
Buying a stock with little money down and the promise of paying the debt later in the future. buying on margin
Banks demanded full payments of their loans; there was no protection in place to protect this from happening at the time. calling the loan
The US fell into _____________ when the idea of loans took a wrong turn. depression
A rapid increase in the overall price level. Hyperinflation
A continuous rise in the price of goods and services. inflation
A payment plan that allows customers to make payments in set intervals until the debt is paid. installment plan
A series of reforms enacted by president Franklin Roosevelt between 1933 and 1942 with a goal to relieve and reform Americans and to end the great depression. New Deal
Roosevelt tried to relieve and __________ for the American people. reform
People went to the banks to withdraw all of their money before the banks closed. runs on the banks
A share of ownership in a corporation. stock
A system to buy and sell stocks. stock market
Exercising control over freedom, will, and thoughts of others; authoritarian. totalitarian
Most Americans struggled with ____________ during the Great Depression. unemployment

GDP, Inflation and Unemployment Crossword

Type
Crossword
Description

Inflation of a nation increases gradually over time creepinginflation
Spending by consumers consumption
Example of transfer payment subsidies
Money received, through investments or work income
Measures total value of final goods/services produced in a country GDP
Unemployed because job depends on the season seasonal
Amount of goods/services produced shrinks contractingeconomy
Number of goods/services that can be purchased with a unit of currency purchasingpower
Inflation caused by an increase in prices of inputs costpushtheory
Jobs lost during period of economic decline cyclical
Inflation occurs when demand for goods/services exceeds existing supplies demandpulltheory
People changing jobs or seeking first job frictional
Monetary inflation occurring at a high rate hyperinflation
Generates jobs, incomes and goods/servies growingeconomy
Proportion of a loan that is charged as interest to borrower interestrates
Reduction of general level of prices in economy deflation
Changes in prices correspond to changes in the monetary supply quantitytheory
Jobs lost due to technological advances structural
Analysis of economic performance/prediction of future performance economicindicator
Consumption by consumers cig

Unit 3 vocabulary Crossword

Type
Crossword
Description

study of how all the parts of an economy work together macroeconomics
total value of all goods and services produced in a country in one year gross domestic product (GDP)
used to measure price changes for market basket of goods consumer price index (CPI)
rise in the general level of prices inflation
decrease in the average price of goods and services deflation
combination of stagnant economic growth and inflation stagflation
ratio of unemployed individuals divided by total number of persons in the workforce unemployment rate
directly related to swings in the business fluctuations cyclical unemployment
occurs when a person's skills are replaced by technology structural unemployment
caused by changes during the year (weather or demand) seasonal unemployment
occurs when people decide not to take a job or between jobs frictional unemployment
total quantity of goods/services demanded at different price levels aggregate demand
total value of all goods/services that all firms would produce aggregate supply
alternating period of growth and recession in an economy business cycle
period of recovery from a recession expansion
point where GDP stops growing peak
point in time when real GDP stops declining and begins to expand trough
decline in real GDP lasting for at least six months recession
recession that lasts a long time and causes a severe drop in GDP depression
central bank of the United States The Federal Reserve (Fed)
actions by the Federal Reserve to expand or contract the money supply monetary policy
part of the Fed that regulate money supply by buying or selling government securities Federal Open Market Committee
formula used to compute the amount of a bank's required reserves reserve requirement
calculated using current year prices; doesn't account for inflation nominal GDP
calculated using base year prices; adjusted for inflation real GDP
the Fed buys and sells government bonds in order to regulate money supply open market operations

fundamentals of economics Crossword

Type
Crossword
Description

a steady long term increase in real GDP economic growth
the loss of potential gain from other alternatives when one alternative is chosen opportunity cost
goods used to produce more goods capital goods
a person who uses a good or service consumers
another name for a centrally planned govt. comand economy
there is no such thing as a free lunch TINSTAAFL
give up one benefit to gain another trade-off
the rivalry among sellers trying to achieve such goals as increasing profits competition
a general increase in prices across an economy inflation
a risk-taker in search of profits entrepreneur
a income that does not increase even when prices go up fixed income
study of how people satisfy unlimited wants through careful use of realtive scarce resource economics
physical objects that somone produces goods
the power of consumers to decide what gets producded consumer sovereignty
a financial gain profit
economic system that relies on habit traditional economy
any government system that provides monetary assistance to people with an inadequate or no income. social security
gross domestic product GDP
how much it is worth in money value
the accumulation of products that are tangible, scarce, useful, and transferable from one person to another wealth
mental/physical work or production labor
shortage scarcity
an economy in which prices and wages are determined mainly by supply and demand market economy

GDP, Inflation, Unemployment Crossword

Type
Crossword
Description

Inflation that is out of control Hyperinflation
Inflation of a nation increases gradually Creeping Inflation
A sustained drop in the price level Deflation
A theory that too much money is the economy causes inflation Quantity Theory
A theory that inflation occurs when the demand for goods and services exceeds existing supplies Demand-Pull Theory
A theory that inflation occurs when producers raise prices to meet increased costs Cost-Push Theory
The process by which rising wages cause higher prices and higher prices cause higher wages Wage-prices Spiral
The ability to purchase goods and services Purchasing Power
Money that an individual or business receives in exchange for providing goods Income
Amount charged by a lender to a borrower for the use of assets Interest Rates
What does GDP mean? Gross Domestic Product
People who are changing jobs or are seeking their first jobs Frictional Unemployment
People who lose their jobs because technological advances reduces the demand for people with their skills Structural Unemployment
People who are unemployed because their jobs depend on the season Seasonal Unemployment
People who lose their jobs during periods of economic decline Cyclical Unemployment

Economics Crossword Puzzle

Type
Crossword
Description

Total of goods or services sold within a country GDP
Total spending by consumers Consumer spending
Total amount of spending by business on factory and equipment Business investment
Total spending by government Government spending
Inflation that is out of control Hyperinflation
Inflation of a nation increases gradually but continually over time Creeping
A sustained drop in the price level Deflation
Theory that too much money in the economy causes inflation Quantity
Theory that inflation occurs when demand for goods and services exceed existing supplies Demand-pull
Theory that inflation occurs when producers raise prices to meet increased costs Cost-push
Rising wages cause higher prices and higher prices cause higher wages Wage-price spiral
People who are changing jobs or are seeking their first jobs Frictional
People who lose their jobs because technological advances reduce the demand for people with their skills Structural
People who are unemployed because their jobs depend on the season Seasonal
People who lose their jobs during periods of economic decline Cyclical
C + I + G= ? GDP