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Chapter 2 Review

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Across
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This is a rate where the percentage of civilians under the age of 16 who are unemployed have tried to find a job within the last 4 weeks
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all property is publicly owned and each person works and is paid according to their abilities and needs
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This policy is the management of the money supply and interest rates by the Fed
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Operations of a nations economy as a whole
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The _____ index helps gauge the health of the economy by measuring the levels of inflation
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General rise in prices of goods and services over time
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This policy refers to the government's efforts to keep the economy stable by increasing or decreasing taxes
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The total value of final goods and services produced in a country in a given year
Down
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Behavior of people and organizations in markets
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This economy exists only when the government largely decides what goods and services will be produced
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an economic system in which prices are determined by unrestricted competition between privately owned businesses
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Under Free-Market capitalism, people have ___ basic rights
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a political and economic theory of social organization that advocates that the means of production
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The study of how society chooses to employ their resources
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This economy exists where some allocation of resources is made by the government