civics and economics

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Across
  1. 2. system of gov that requires members of parliament to make laws on behalf of majority voters
  2. 3. the increasing capacity of the economy to satisfy the wants of its members. higher rate of economic growth=higher standards of living
  3. 4. unemployment that results from a decrease in demand for g+s
  4. 7. cost of borrowing money/return on lending money
  5. 11. period of strong economic growth leading to a 'peak' associated with high GDP, inflation, and low cyclical unemployment
  6. 12. process set out in section 128 of Constitution to allow for constitution to be formally altered
  7. 13. system of gov where there is legislative power sharing relationship between national gov and 2+ state govs
  8. 14. law making powers set out in constitution that may only be exercised by commonwealth parliament
  9. 16. unemployment that results from changes to industries
  10. 19. voting system which voter numbers preferences for candidates
  11. 24. unemployment that results from people being in process of moving from one job to another
  12. 27. unintended consequence of an economic activity experienced by unrelated third parties
  13. 29. total market value of all final goods and services produced in a country during a year
  14. 32. GDP that has not been adjusted for inflation
  15. 33. study of large scale economic performance and growth. key macroeconomic measures=GDP, inflation, unemployment
  16. 35. Electoral system in which parties gain seats in proportion to number of votes cast for them
  17. 37. law making powers that remained with the state parliaments after federation
  18. 38. a process that legally binds Australia to implement a treaty
  19. 39. seperation of powers of government among legaslative, executive, and judicial bodies
Down
  1. 1. system of government where people have power
  2. 5. study of behaviour of individual participants in economy
  3. 6. period of decreasing economic growth leading to a 'trough' associated with low GDP,deflation, and high unemployment
  4. 8. material and non-material wellbeing
  5. 9. macroeconomic policy by which government influences interest rates
  6. 10. specific law making powers in constitution that may be exercised by both commonwealth and state parliaments
  7. 15. compulsory contribution to state revenue
  8. 17. active maintenance of truce between nations, especially by UN
  9. 18. system of democratic gob where rights of individuals are protected through law
  10. 20. sum of a nations GDP plut net income received from overseas
  11. 21. two or more consecutive quarters of negative GDP growth
  12. 22. macroeconomic model that describes flows of resources, g+s, and income between parts of economy
  13. 23. a general increase in prices. Consumer price index records change in prices and rate of change=inflation
  14. 25. model that shows changes in real GDP over time
  15. 26. allocation of law making powers
  16. 28. gov power is outlined by a constitution
  17. 30. macroeconomic policy by which government adjusts its spending levels and tax rates
  18. 31. % of people in labour force who are unemployed
  19. 34. set of rules according to which a state is governed
  20. 36. GDP that has been adjusted for inflation