Economics
Across
- 1. The monetary value of all finished goods and services made within a country during a specific period
- 4. Happens when demand for goods and services outweighs supply, which remains stable or drops
- 5. All of the output generated within the borders of a country
- 8. The costs incurred by a firm when it changes its prices
- 10. The result of workers searching for new employment or transitioning from their old jobs to new ones.
- 11. When consumer and asset prices decrease over time, and purchasing power increases
- 14. A situation when a person is unemployed not due to unavailability of jobs in the economy, but because of not being able to find employment of his/her own choice.
- 16. Occurs when overall prices increase due to increases in the cost of wages and raw materials
- 17. The costs that people incur to minimize their cash holdings during times of high inflation
- 18. Long-lasting unemployment that comes about due to shifts in an economy
Down
- 2. Occurs when people are unemployed at particular times of the year when demand for labour is lower than usua
- 3. A type of unemployment that is caused by fluctuations in the business cycle or economic cycl
- 6. An increase in the amount of goods and services produced per head of the population over a period of time.
- 7. The rate of increase in prices over a given period of time
- 9. Commodities that are grown, produced, or manufactured in foreign countries and have not undergone changes in form or condition or enhancement in value by further manufacturing
- 12. A situation where a person actively searches for employment but is unable to find work
- 13. The amount of goods and services that an economy is capable of producing.
- 15. The state or condition where people and communities cannot meet a minimum standard of living because they lack the proper resources