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Round 7 - Economics

A tax schedule that states that the more income one earns, the higher the tax rate will be. (11)
The application of statistical methods to economic data in order to give empirical content to economic relationships. (12)
Term which assumes that people behave selfishly. (8)
A rise in the value of an asset. (12)
The _____ curve illustrates a theoretical relationship between rates of taxation and the resulting levels of the government's tax revenue. (6)
The value of all goods and services produced in the economy in a given period of time. (5,8,7)
Author of the road to serfdom and winner of a nobel prize in 1974. (9,5)
Author of the 1776 publication A Wealth of Nations described as "the effective birth of economics as a separate discipline." (4,5)
A financial institution that accepts deposits from the public and creates credit. (4)
The measurement of the proportional change of an economic variable in response to a change in another. (10)
Central banking system of the United States of America. (7,7)
Monetary system in which the standard economic unit of account is based on a fixed quantity of gold. (4,8)
A member of a household that spends on goods and services. (7)
An industry with only a few firms. (9)
Father of Keynesian economics. (4,7,6)
School of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation. (10)
School of economic thought that is based on methodological individualism originating in Vienna. (8)
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something. (6)
Economic policy that is designed to maximize the exports and minimize the imports for an economy. (12)
Author of Das Kapital and the Communist Manifesto. (4,4)