Across
- 4. What occurs when the average price level increases but at a decreasing rate than before?
- 5. The __ can intervene in different ways to alleviate different forms of unemployment depending on where they stem from.
- 6. _ is the sustained increase in average price level of goods/services in an economy.
- 10. According to the natural rate of unemployment, full employment does not mean that everyone in the __ population is willing to work.
- 11. _ Inflation is caused by excess demand in the economy.
- 15. Increase in investment causes the ____ Demand (AD) curve to shift to the right
- 17. What kind of unemployment is caused by a mismatch between jobs and skills? __ Unemployment
- 19. Economic Growth can occur in Long run and __ run
- 20. An increase in economic growth usually leads to higher standards of __ for people.
- 21. State of the economy when growth rates are: 6%, 4%, −2%, −7%, −5%.
Down
- 1. Consumers are impacted in inflation due to the decrease in __ power
- 2. Air pollution is the example of negative ____
- 3. In SRPC, there is always __ and Structural unemployment.
- 7. Unemployment has diverse effects on the economy. In firms long-term unemployment may lead to a loss in Production __, leading to a decrease in supply.
- 8. The Monetarist model states a decrease in money supply causes _.
- 9. Increase in the cost of production causes _ inflation.
- 12. A situation where people are actively looking for jobs but cannot find work.
- 13. Alfred is a pensioner over the age of 70, which means he isn't a part of the __ force
- 14. Economic Growth in Long Run involves the factor of __
- 16. Economic growth is measured by the increase in a country’s total __ over time.
- 18. Investment in infrastructure and technology can help improve economic __.