Economics

1. The monetary value of all finished goods and services made within a country during a specific period
4. Happens when demand for goods and services outweighs supply, which remains stable or drops
5. All of the output generated within the borders of a country
8. The costs incurred by a firm when it changes its prices
10. The result of workers searching for new employment or transitioning from their old jobs to new ones.
11. When consumer and asset prices decrease over time, and purchasing power increases
14. A situation when a person is unemployed not due to unavailability of jobs in the economy, but because of not being able to find employment of his/her own choice.
16. Occurs when overall prices increase due to increases in the cost of wages and raw materials
17. The costs that people incur to minimize their cash holdings during times of high inflation
18. Long-lasting unemployment that comes about due to shifts in an economy

2. Occurs when people are unemployed at particular times of the year when demand for labour is lower than usua
3. A type of unemployment that is caused by fluctuations in the business cycle or economic cycl
6. An increase in the amount of goods and services produced per head of the population over a period of time.
7. The rate of increase in prices over a given period of time
9. Commodities that are grown, produced, or manufactured in foreign countries and have not undergone changes in form or condition or enhancement in value by further manufacturing
12. A situation where a person actively searches for employment but is unable to find work
13. The amount of goods and services that an economy is capable of producing.
15. The state or condition where people and communities cannot meet a minimum standard of living because they lack the proper resources