Across
- 1. theory that inflation occurs when producers raise the price in order to meet increased costs
- 3. the rate of inflation excluding the effects of food and energy prices
- 4. the percentage of the nation's labor force that is employed
- 7. unemployment that rises during economic downturns and falls when the economy improves
- 9. occurs when people take time to find a job
- 10. the level of employment reached when no cyclical unemployment exists.
- 12. the ability to purchase goods and services
- 15. a measurement that shows how the average price of a standard group of goods changes over time
- 16. states that inflation occurs when demand for goods and services exceeds existing supplies
- 18. a representative collection of goods and services
- 19. the percentage rate of change in price level over time
- 20. working at a job for which a person is over-qualified or working part time when they desire full time work
Down
- 2. occurs when workers' skills do not match jobs that are available
- 5. Consumer Price Index
- 6. occurs when industries slow or shut down for a season or make seasonal shifts in their production schedules
- 8. people who give up looking for jobs
- 11. states that too much money in the economy causes inflation
- 13. an official count of the population
- 14. a general increase in prices
- 17. inflation that is out of control