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Basic economics

Amber

Economics

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Across
1.Performing a physical task such as digging a ditch or teaching
5.Prices rising greater than 10%, unemployment near zero, the price system begins to lose ability to ration goods
8.All the land, air, and water in the world
10.Means machines to the economist
12.You are seeking a job but do not have a job
16.The study of the whole or aggregate economy
17.If one event proceedes another event the first event is the cause of the second event
19.Constantly falling prices
20.Falling prices, unemployment rising, two quarters of falling GNP
21.Incorrect theories
23.The study of the individual economic unit
24.Prices rising 0-6%, moderate growth, near full employment
25.High unemployment, high underemployment, rising prices
27.Inflation and deflation should not exsist in the economy
Down
2.We believe ther should be no starving and homeless Americans and super rich Americans
3.The value of all goods and servicesmade for the domestic and world economies
4.You have a job at less than your skill level
6.The provision of adequate economic resources for maintenance of a minimum standard living for all
7.The assumption that what is good for the individual is necessarily good for the whole
9.The freedom to choose what and how an individuals economic resources are used
11.High unemployment, high underemployment, prices falling, negative growth
13.Occurs when an economist build a theory based on what he/she expects to occur
14.Constantly rising prices
15.The ability of the businessman to put together land, labor, and capital all together
18.An increase or decrese in gross domestic product or gross national product
22.One word with more than one definition or two words with the same definition
26.The value of all goods and services made for the domestic economy

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