Economics 11-12-23

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Across
  1. 3. Unemployment caused by economic recession
  2. 6. Inflation is when price ______ increase
  3. 8. When there is only one seller
  4. 10. When you export more than you import you have a BOP _____
  5. 11. When you import more than you export you have a BOP _____
  6. 12. ____ policy = government spending/taxing
  7. 13. 60,000 people complete the labour force _____
  8. 14. BOP stands for Balance of ________
Down
  1. 1. When people are too poor to meet their basic needs
  2. 2. Money to spend after basic needs have been met = ______ income
  3. 4. When demand is relatively unresponsive to changes in price
  4. 5. Output per worker per hour
  5. 6. Division of ____ = workers have specific tasks
  6. 7. ____ policy = changing interest rates to encourage or discourage spending
  7. 9. Unemployment where people are "between jobs"