Type
Word Scramble
Description

Aggregate Demand
Aggregate Supply
Quantity of aggregate Demand
Aggregate Demand Curve
Quantity of Aggregate s
AS Curve
Short Run Aggreagate supply
Long Run Aggregate supply
Short run aggregate curve
Long Run aggregate curve
Equilibrium
ideal GDP
Potential gdp
gdp
Real Gdp
Supply
demand
Consumption
investment
Government
Exports
imports

GDP Word Search

Type
Word Search
Description

Aggregate Supply
Aggregate Demand
Price level
Real GDP
Nominal GDP
Imports
Exports
Net exports
Investment
Government
Consumption
Income Approach
Expenditure Approach
Gross domestic product

Monetary Policy Crossword

Type
Crossword
Description

Keynes proposed a theory known as the 'Theory of _________ Preference' to explain what factors determine an economy's interest rates liquidity
According to Keynes theory the interest rate adjusts to bring the quantity of money supplied and the quantity of money demanded into balance, this is know as _____ in the money market equilibrium
The reduction in aggregate demand that results when a fiscal expansion raises the interest rate is known as the ______ effect crowdingout
Collective demand by combining multiple elements aggregate
Regarding the influences of monetary policy, a lower price level raises the real value of household holdings and higher real wealth stimulates consumer spending. What effect is this? Wealth
What rates effect investors money overseas and domestically? Exchange
Who controls the supply of money? centralbank
Other than government purchases, what is an important instrument of fiscal policy? Taxation
In what type of budget is the total sum of money received by a government equal to the amount it spends balanced
Automatic _____ are changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policy makers having to take any deliberate action stabilisers
What effect tends to amplify the effects of fiscal policy on aggregate demand? multiplier

Chapter 14: Aggregate Demand and Supply Crossword

Type
Crossword
Description

An increase in the general price level resulting from an increase in the cost of production that causes the aggregate supply curve to shift leftward Costpushinflation
The condition that occurs when an economy experiences the twin maladies of high unemployment and rapid inflation simultaneously Stagflation
The vertical segment of the aggregate supply curve, which represents an economy at full-employment output Classicalrange
The rising segment of the aggregate supply curve, which represents an economy as it approaches full-employment output Intermediaterange
The horizontal segment of the aggregate supply curve, which represents an economy in a severe recession Keynesianrange
The curve that shows the level of real GDP produced at different possible price levels during a time period, ceteris paribus. Aggregatesupplycurve
The impact on total spending (real GDP) caused by the inverse relationship between the price level and the net exports of an economy Netexportseffect
The impact on total spending (real GDP) caused by the direct relationship between the price level and the interest rate. Interestrateeffect
The impact on total spending (real GDP) caused by the inverse relationship between the price level and the real value of financial assets with fixed nominal value. Realbalanceseffect
The curve that shows the level of real GDP purchased by households, businesses, government, and foreigners (net exports) at different possible price levels during a time period, ceteris paribus. Aggregatedemandcurve

Supply and Demand Crossword

Type
Crossword
Description

The amount of goods available. Supply
When producers offer more of a good as its price increases. law of supply
The amount that a supplier is willing and able to supply at a specific price. Quantity supplied
A cost that rices or falls depending on the quantity produced. Variable cost
A cost that does not change. fixed cost
A tax on the production or sale of a good. Excise tax
The sum of fixed costs plus variable costs. Total cost
The cost of producing one more unit of a good. marginal cost
The total cost divided by the quantity produced. Average cost
The cost of operating a facility such as a factory or a store. Operation cost
The desire to own something and the ability to pay for it. Demand
To buy more of a good when its price is lower. law of demand
when consumers react to an increase in a goods price by consuming less. Substitution effect
The change in consumption that results when a price increases causes real income to decline. income effect
A table that lists the quantity of a good a person will buy at various prices in a market. Demand schedule
A table that lists the quantity of a good all consumers in a market will buy at various prices. market demand
a graphic representation of a demand schedule. demand curve
A good that consumers demand more when their incomes increases. normal good
A good that consumers demand less of what their incomes increase. Inferior good
The statistical characteristics of population and population segments. demographics
A measure of how consumers respond to price change. Elasticity of demand
The total amount of money a company receives by selling goods or services. total revenue

Supply and Demand Word Search

Type
Word Search
Description

marginal utility
substitution effect
real income effect
law of demand
voluntary exchange
market
supply
demand
demand schedule
demand curve
complementary goods
elasticity
elastic demand
inelastic demand
technology
supply curve
supply schedule
law of supply
equilibrium price
shortage
surplus
price ceiling
rationing
black market
price floor

Economic Growth Crossword

Type
Crossword
Description

an outward shift in the production possibility curve that results from an increase in resource supplies or quality or an improvement in technology Economic growth
inflation-adjusted output per person, real GDP/population. Real GDP per capita
a method for determining the number of years it will take for some measure to double, given its annual percentage increase Rule of 70
as it relates to economic growth, countries that develop and use advanced technologies, which then become available to follower countries. Leader countries
as it relates to economic growth, countries that adopt advanced technologies that previously were developed and used by leader countries Follower countries
an increase in the availability of a resource, an improvement in its quality, or an expansion of technological knowledge that makes it possible for an economy to produce a greater output of goods and services. Supply factors
the increase in the level of aggregate demand that brings about the economic growth made possible by an increase in the production potential of the economy Demand factor
the capacity of an economy to combine resources effectively to achieve growth of real output that the supply factors make possible Efficiency factor
total output divided by the quantity of labor employed to produce it Labor productivity
the bookkeeping of the supply-side elements such as productivity and labor inputs that contribute to changes in real GDP over some specific time period. Growth accounting
the capital goods usually provided by the public sector for use by citizens and firms Infrastructure
the knowledge and skills that make a person productive Human capital
reductions in the average total cost of producing a product as the firm expands the size of plant in the long run Economics of scale
a new firm focused on creating and introducing a particular new product or employing a specific new production or distribution method. Start-up firms

Crossword Macroeconomics

Type
Crossword
Description

A firm's expenditure on capital goods that will be used in the production of goods and services investment
Three sector economy is also known as Closed economy
Investment that depends on the national income induced
Investment that fixed and independent of income autonomous
Factor that influence imports inflation
The total income received by household in an economy that is available to purchase goods and services or for savings disposable income
Four sector economy is also known as open economy
This tax burden can be transferred to other parties indirect tax
What is formula of consumption function? C=a+bYd
The main component in aggregate demand are Investment and? consumption

Supply and Demand Crossword

Type
Crossword
Description

When a good's price is lower, consumers will buy more of it. When the price is higher, consumers will buy less of it. law of demand
The desire to own something and pay for it. demand
A graphic representation of a demand schedule. demand curve
Table that lists the the quantity of a good that a person will purchase at various prices in a market. demand schecule
The amount of money the receives by selling it's goods. total revenue
The amount of goods available. supply
Producers offer more of a good as its price increases and less as its price falls. law of supply
the amount that a supplier is willing and able to supply at a specific price. quantity supplied
A graph of the quantity supplied of a good at various prices supply curve
The sum of fixed costs plus variable costs total cost
The cost of producing one more unit of a good. marginal cost
The total cost divided by the quantity produced. average cost
Government intervention in a market that affects the production of a good. regulation
The change in consumption that results when a price increase causes real income to decline income effect

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

Chapter 3 Supply and Demand Crossword

Type
Crossword
Description

the amount of some good or service a producer is willing to supply at each price Supply
the total number of units of a good or service producers are willing to sell at a given price Quantity supplied
assuming all other variables that affect supply are held constant Law of Supply
a table that shows the quantity supplied at a range of different prices Supply Schedule
a graphic illustration between price and quantity (price on vertical axis, quantity on horizontal axis) Supply Curve
the combination of price and qantitiy where there is no economic pressure from surpluses or shortages that would cause price or quantity to change Equilibrium
the price where quantity demanded is equal to quantity supplied Equilibrium price
at the existing price, quantity supplied exceeds the quantity demanded Surplus
at the exisiting price, the quantity demanded exceeds the quantity supplied Shortage
Latin phrase meaaning "other things being equal" Ceteris Paribus
when a change in some economic factor causes a different quantity to be deamded at every price Shift in demand
a product whose demand rises when income rises, and vice versa Normal good
a product whose demand falls when income rises, and vice versa inferior good
a good or service that we can use in place of another good ro service Subsitute
goods or serices taht are often used together so that consumption of one good tends to enhance consumption of the other Complements
when a cnage in some economic factor causes a different quantity to be supplied at every price shift in supply
the combination of labor, materials, and machinery that is used to produce goods and services Inputs
laws that governments enact to regulate prices price controls
the area above the market price and below the demand curve Consumer surplus
the area between the market prie and the segment of the supply curve below the equilibrium producer surplus
consumer suplus + producer surplus economic surplus
the loss in social surplus that occurs when a merket produces an inefficient quantity Deadweight loss