Across
- 2. The sum of frictional and structural unemployment (no spaces).
- 4. This exchange of money occurs when business pay for resources.
- 6. The percentage of the population that is considered part of the labor force (acronym).
- 8. Caused by too much money chasing too few goods, higher bids drive the price up (no spaces).
- 11. Sell resources to businesses through the resource market.
- 16. Increase in average level of prices.
- 18. Provides public goods and services to businesses and households.
- 22. When workers take on work that is beneath their skill level or for fewer hours than full-time employment.
- 23. This exchange of money occurs when households pay for products.
- 25. This exchange of money occurs when businesses pay for labor.
- 28. Caused by producers raising prices and producing less because of increased production costs (no spaces).
- 29. Level of employment when the economy is operating exactly at its full potential (no space).
- 31. Negative net exports (no space)
- 33. Per Capita GDP does not consider ___ cost of living.
- 34. A rise in prices is equivalent to a ___ in wages.
- 37. Increased transaction costs caused by inflation (no spaces).
- 39. Unemployment caused by a fundamental shift in the economy.
- 41. The amount of physical goods and services that can be bought by a given amount of money (no space).
- 45. The CPI may not reflect the consumption patterns of all households (no spaces).
- 46. goldilocks rate of inflation that causes neither increase or decrease in inflation (acronym).
- 47. This transfer of money is the incentive for land.
- 49. Workers who are able and willing to work but who cannot find jobs
- 50. Decrease in average level of prices.
- 51. Unemployment caused by the weather or calendar.
- 55. This CPI includes all prices in the basket
- 56. Sell goods and services to households through the product market
- 57. Government pay to businesses.
Down
- 1. The cost of having a less reliable unit of measurement (no spaces).
- 3. Government pay to households.
- 5. Trading a financial instrument involving high risk, in expectation of significant returns.
- 7. Borrowers with ___ rate loans are not hurt by inflation.
- 9. Unemployment caused by the usual coming and going of people between jobs.
- 10. Means that a price from the past has been adjusted for inflation.
- 12. Means that a price from the past hasn't been adjusted for inflation.
- 13. Buying capital
- 14. This CPI excludes volatile energy and food prices
- 15. The CPI assumes that consumers continue to purchase the same basket of goods and services even as prices change (no space).
- 17. Per Capita GDP helps compare the wealth of nations and the wealth of a nation over ____.
- 19. This transfer of money is the incentive for capital.
- 20. Positive net exports (no space).
- 21. When "true" unemployment is not visible to statistics (no space).
- 24. This transfer of money is the incentive for labor.
- 26. The cost of changing a listed price (no space).
- 27. Unemployment caused by recessions in the business cycle.
- 30. This transfer of money is the incentive for entrepreneurship.
- 32. The CPI does not account for changes in quality (no space).
- 35. Government purchases wherein nothing is produced (no space).
- 36. A measure of the overall price level, a number reflecting average level of prices (no space).
- 38. Per Capita GDP is skewed by people with ___ incomes.
- 40. List of goods that the average consumer buys in a year (no space).
- 42. Businesses who ___ prices quickly are not hurt by inflation.
- 43. This exchange of money occurs when businesses are paid for products.
- 44. The unemployment rate is published ___ in the United States.
- 48. Total number of people who are willing and able to work (no space).
- 52. The US has had a trade ___ since the 1980s.
- 53. A market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset.
- 54. These fund government programs (income and sales).