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Keynes vs Hayek Crossword Puzzle

Across
business cycle contraction which results in a general slowdown in economic activity
A ______ is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange
two words, a macroeconomic theory that argues economic growth can be most effectively created by lowering taxes and decreasing regulation
Gives profit-driven firms more incentive to increase output
American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board
a sustained increase in the general price level of goods and services in an economy over a period of time
Type of economic policy controlled by the Federal Reserve
Down
Causes a decrease in costs of production
Type of economic policy controlled by Congress
Austrian-born British economist noted for his criticisms of the Keynesian welfare state and of totalitarian socialism
The ________ effect is one of the chief components of Keynesian economic models. An injection of government spending eventually leads to added business activity and even more spending.
British economist who advocated the use of fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions
Keynesian economics supports a _____ economy guided mainly by the private sector but partly operated by the government.
a mandatory financial charge or some other type of levy imposed upon a person by a governmental organization in order to fund various public expenditures
According to Keynesian economics, aggregate _____ constitutes the primary driving and stabilizing forces in an economy.
1980s Republican president who supported Modern Supply-Side economics