Across
- 3. cycle: Fluctuations in economic activity, including boom, downturn, recession, and recovery.
- 5. of living: Overall level of comfort, wealth, and material goods enjoyed by a population.
- 7. unemployment: Unemployment resulting from fluctuations in economic activity within the business cycle.
- 8. : Total value of all goods and services produced within a country's borders.
- 10. Decrease in general price levels, often associated with economic downturns.
- 11. People willing and able to work but unable to find employment.
- 13. General increase in prices, reducing the purchasing power of money.
- 14. pull: Inflation caused by excessive demand for goods and services relative to supply.
Down
- 1. leather costs: Costs incurred due to frequent cash withdrawals to avoid the loss of purchasing power during inflation.
- 2. growth: Increase in a country's production of goods and services over time.
- 4. push: Inflation caused by increases in production costs, such as wages or raw materials.
- 5. unemployment: Unemployment caused by a mismatch between the skills of job seekers and the requirements of available jobs.
- 6. State of being extremely poor, lacking basic necessities for a decent standard of living.
- 9. potential: Maximum output an economy can produce when resources are fully utilized.
- 12. costs: Costs incurred by businesses when they change prices due to inflation.