Unemployment, Money and Inflation

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Across
  1. 2. This type of unemployment can be due to changes in the economy, such as the decline of certain industries or the emergence of new sectors.
  2. 4. Money must be easily carried by people, so they can use it to conduct transactions wherever they go.
  3. 5. Money should be easily divisible into smaller units to facilitate transactions of varying sizes.
  4. 7. Money provides a common measure of the value of goods and services, making it easier to compare prices and values
  5. 10. Situation where the supply of money in an economy increases at a rate that is considered to be too high, typically much faster than the economy's capacity to produce goods and services.
  6. 13. This type of unemployment is common in industries where demand fluctuates according to the time of year, such as agriculture, tourism, and retail.
  7. 14. increase in the general level of prices of goods and services
  8. 16. The supply of money in circulation should be controlled or limited to maintain its value.
  9. 17. This type of unemployment rises during periods of economic downturn or recession and decreases when the economy improves.
Down
  1. 1. Money can preserve value over time, allowing individuals and businesses to save and defer spending until a later date.
  2. 3. This increase in prices leads to higher cost of living, prompting workers to demand even higher wages to keep up with the rising costs, thereby creating a cycle of wage and price increases.
  3. 6. Money serves as an intermediary in trade, eliminating the need for a coincidental want in barter transactions.
  4. 8. This type of unemployment can happen for various reasons, such as individuals leaving a job to find a better one, relocating for work, or entering the workforce for the first time.
  5. 9. Money must withstand physical wear and tear from handling and use over time.
  6. 11. Explanation that rising input costs, especially energy and organized labor, drive up the prices of products
  7. 12. Explanation that prices rise because all sectors of the economy try to buy more goods and services than the economy can produce
  8. 15. This type of unemployment rises as new technologies are adopted, some jobs become obsolete because machines or software can perform tasks more efficiently than humans.