Week 4 pre-class puzzle

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Across
  1. 3. An average of the prices received by producers of goods and services at all stages of the production process.
  2. 4. force participation rate: The percentage of the working age population that is in the labour force.
  3. 5. The unemployment rate that exists when the economy is operating at potential GDP.
  4. 6. Short-term unemployment arising from the process of matching workers with jobs.
  5. 8. Unemployment arising from a persistent mismatch between the skills and characteristics of workers and the requirements of jobs.
  6. 11. Unemployment due to factors such as weather, variations in tourism and other calendar-related events.
  7. 13. The costs to firms of changing prices.
  8. 14. unemployment Unemployment caused by a business cycle contraction.
  9. 15. The sum of employed and unemployed workers in the economy.
  10. 17. percentage increase in the general price level in the economy from one year to the next.
Down
  1. 1. Extremely rapid increases in the general price level.
  2. 2. A measure of the average prices of goods and services in the economy.
  3. 7. A decline in the general price level in the economy.
  4. 9. The percentage of the labour force that is unemployed.
  5. 10. The sustained increase in the general level of prices in the economy.
  6. 12. workers: People who are available for work but have not looked for a job during the previous four weeks because they believe no jobs are available for them.
  7. 14. A measure of changes in retail prices of a basket of goods and services representative of consumption expenditure by typical Australian households in capital cities.
  8. 16. The level of unemployment below which the rate of inflation will rise.