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Economics Unit Review

Mr. Sangillo

Complete the crossword below. If your response has more than one word, leave a blank box between words.

1 2     3    
   
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  13           14                    
           
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18   19              
    20                  
       
  21     22        
23        
24              

Across
2.Type of economic policy in which the President and Congress control taxes and spending
4.Type of economy with inherited occupational roles--usually farming
5.Nickname for the Federal Reserve
7.A type of economy in which people and businesses make decisions about resources, and business compete
9.Name for a period of economic decline--marked by high unemployment and low GDP
12.How the US economy can be described.
13.The socioeconomic goal in which the government provides a "social safety net" for people in need--like welfare, medicare, and social security
15.The economic indicator that tells us the market value of all goods and services produced in one country, in one year
17.The economic indicator that tells us how many people want a job, and don't have one.
18.Another name for a good thing about an economic decision
20.Fancy word for not enough resources
21.The amount of extra money a consumer pays for a loan. The Fed controls these rates.
23.This regulatory agency would make sure medicine is safe for people
24.Type of economy in which the government makes all major economic decision, no competition, businesses cannot keep profits
Down
1.Executives propose this fiscal plan for government spending
3.This economic indicator measures the rate of inflation
5.Regulatory agency that makes rules for communication
6.This socioeconomic goal states that the government wants the economic to keep getting better--more goods and services, less unemployment
8.The next best option of an economic decision
10.International organization that helps poor countries by providing education and training to citizens
11.If this is high, prices will be high
14.International organization that provides loans to poor countries and monitors exchange rates
16.When the value of money decreases and prices increase
19.International organization that reduces tariffs between US, Mexico, and Canada
22.Regulatory agency that makes rules to create a cleaner environment

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