ECONOMICS

2. monetary value of all goods and services made within a country.
3. demand increase rapidly, supply decreases/remains the same, to restore equilibrium prices will be made higher.
5. costs that a firm incurs due to changing its prices.
6. decline in economic activity, lasting for a few months
9. a period of weak or negative growth in real GDP, unemployment is also high.
13. unemployment due to technological change
16. recovering from recession and economy starts to expand again.
17. when people are unemployed at certain times of the year due to low demand for labour.
18. how quickly the prices of good and services are rising.
19. the result of workers seeking new employment or transitioning from old jobs to new jobs.
20. extremely poor
21. inflation of goods and services due to an increase in costs for producing the good.
22. the cost to individuals who have to take frequent visits to the bank to take out more money for goods and services in periods of high inflation
23. the amount of goods and services an economy is able to produce

1. the state of someone not having a job.
4. a period of rapid economic expansion
7. INCREASE IN THE LEVEL OF OUTPUT BY A NATION.
8. something that is produced and consumed within the same country
10. the level of income, and wether a person can afford necessities, comforts & luxuries
11. an individual is not working but is able and willing to work and actively seeking employment
12. occurs when there's a downturn in the economy, which might lead to lower demand for goods and services, deriving the demand for labour to decrease too.
14. reduction of the general price for goods and services (lower prices)
15. goods imported into a country for sale that is manufactured in a different country,