Economics Crossword

costs that do not change with output
states that there is an inverse relationship between price and demand, ceteris paribus
the legal minimum price for which a good or service can be sold
a time period in which at least one input is fixed
a tax on imported goods
the cost of using one more unit of input
a time period in which all factors of production are variable
the interest rate charged to depository institutions for loans taken out from the Federal Reserve
a market structure in which a few interdependent firms dominate the market
an increase in the exchange value of a nation's currency in terms of another nation's currency
the ability to produce a good or service at a lower opportunity cost than other producers
influencing the economy in order to achieve national economic goals by changing government expenditures or taxes
the value of the next-best alternative that is given up to obtain something
the total market value of all final goods and services produced in a country over a certain period of time (usually one year)
the practice of selling the same good at different prices to different consumers
increase in output causing a decrease in long-run average cost
goods for which demand falls as income rises
demand based on and influenced by the demand for the product the resource is used to produce
a severe recession
when the average of all prices of goods and services in an economy is falling
a state in which the quantity supplied equals the quantity demanded at a certain price
graphical representation of the distribution of income
a market structure in which the decision of an individual firm or seller has no effect on the market price
real interest rate, nominal interest rate minus the rate of inflation
good for which demand rises as income rises
graphical representation of the relationship between unemployment and changes in wages
a market in which households, firms, and governments buy and sell national currencies