Across
- 3. Unemployment due to changes in economy structure
- 6. Period of negative growth
- 7. Unemployment caused by low demand
- 8. Inflation caused by rising production costs
- 10. Demand Total spending in an economy
- 11. Efficient use of existing resources
- 12. Fall in AD shifting equilibrium from AP,Y to AP1,Y1
- 13. Inflation falling from 5% to 2% over time
- 15. Theory linking money supply to price level using MV = PQ
- 18. Wage set above equilibrium
- 19. Unemployment Skill mismatch unemployment
- 20. Workers who are between jobs
- 21. People not working but actively looking for work
Down
- 1. Consumers delaying spending due to expected price falls
- 2. Deflation with rising output due to SRAS shift right
- 4. Increase in productive capacity over time
- 5. Real interest rate rises when inflation is negative
- 9. Jobs that depend on season
- 14. Continuous rise in price levels
- 16. Extra supply of labour in the market
- 17. Output adjusted for inflation