Economics

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Across
  1. 4. Factor that raises spending when households feel secure about future income
  2. 5. Demand for labour when a wage rise causes a large fall in employment
  3. 7. Characteristic of money that prevents loss of value through oversupply
  4. 9. Function of money that allows wages or loans to be paid later
  5. 10. Factor that raises wages when workers negotiate from a strong position
  6. 12. Factor that may reduce the proportion of income saved by richer households
  7. 13. Factor that encourages saving when it rises
  8. 14. Cause of wage differences due to unequal treatment of workers
  9. 15. Factor that makes labour demand more elastic when machines can replace workers
  10. 16. Production method that raises output through task specialisation
  11. 18. Factor that increases elasticity of labour supply when workers can change jobs easily
  12. 19. Characteristic of money that allows repeated use without wearing out
Down
  1. 1. Central bank role that supports banks during liquidity crises
  2. 2. Factor that limits labour supply when skills take time to acquire
  3. 3. Income remaining after direct taxes are deducted
  4. 6. Household decision that increases present spending without higher income
  5. 7. Function of money reduced when inflation lowers purchasing power
  6. 8. Household decision that delays current consumption
  7. 11. Factor that increases borrowing when loans are easier to obtain
  8. 17. Function of money that allows comparison of wages across different jobs