Across
- 2. increase in the output of a nation
- 4. lacking enough resources to provide the necessities of life
- 6. a situation where a person actively searches for employment but is unable to find work.
- 8. a type of unemployment that is caused by fluctuations in the business cycle or economic cycle.
- 9. the costs incurred by a business when it changes the prices it offers to its customers.
- 10. when consumer and asset prices decrease over time, and purchasing power increases
- 12. when there is an increase in aggregate demand, and the supply remains the same or decreases
- 13. the costs people face when reducing their money holdings
- 14. The amount of goods and services that an economy is capable of producing.
Down
- 1. when overall prices increase due to increases in the cost of wages and raw materials.
- 3. standard measure of the value added created through the production
- 5. long-lasting unemployment that comes about due to shifts in an economy
- 7. the degree to which a person can afford necessities, comforts, and luxuries
- 11. the rate of increase in prices over a given period of time