Chapter 11 Economic performance

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Across
  1. 4. The name of the inflation rate that occurs when the economy is at full capacity
  2. 8. Output per worker is known as ______
  3. 9. Expectations formed using all available information
  4. 12. A sustained increase in the general price level is called ______
  5. 14. Long-run growth is shown by an outward shift of the ______ curve
  6. 15. The ______ includes all those not seeking work e.g. stay at home parents
  7. 16. The fall in the value of money due to rising prices
  8. 17. Someone is considered to be ______ if they are not working but actively seeking work
  9. 19. What increases when an economy produces more goods and services
  10. 20. Short-run growth driven by increases in aggregate demand is called ______-side growth
  11. 21. The ______ consists of all workers actively working and the unemployed
Down
  1. 1. Pollution caused by growth is an example of ______
  2. 2. Lower production costs shift the ______ aggregate supply curve to the right
  3. 3. ______ unemployment occurs when there is a mismatch between jobs and skills
  4. 5. ______ unemployment occurs when workers are between jobs
  5. 6. ______ unemployment occurs when workers choose to remain unemployed
  6. 7. The slowing rate of inflation while prices are still rising
  7. 10. What type of growth increases an economy’s capacity over time
  8. 11. Expectations based on past inflation data
  9. 13. ______ unemployment occurs when workers are willing to work but no jobs available
  10. 18. Demand pull inflation is caused by excess of ______ in the economy