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Economic Words

Teacher: Niemi
Across
Demand that is very sensitive to a change in price.
The act of giving up one benefit in order to gain another greater benefit.
Income not used for consumption.
The struggle among producers for the money of consumers.
The dollar value of all final goods and services.
Government aid to the poor.
The amount of money a business receives in excess of its expenses.
Height of an economic expansion; when real GDP stops rising.
A general increase in prices across an economy.
Down
A portion of a stock
The principle that limited amounts of goods/services are available to meet unlimited amounts of wants/needs.
A prolonged economic contraction.
The desire to own something and the ability to pay for it.
When quantity demanded is greater than quantity supplied.
The amount of good available.
A product that is popular for a short period of time.