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Chapter 2 Review

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