EcoSoc Crossword

1. The increase in prices over time.
2. In Soviet Russia he determines your job, in capitalist countries your job is determined by it.
3. Governor of the RBA.
4. The best society ever.
6. The theory that countries should produce products in which they have the lowest opportunity cost and trade with other countries in order to maximise their utility.
9. an individual's willingness to purchase a good or service.
10. The theory that an increase in government spending will result in a greater than or less than proportional increase in total level aggregate
11. The process whereby the short-term unemployed become long-termed unemployed as their skills and connections atrophy, leading to an increase in the NAIRU.

1. The underlying principle of Smith's classical economics. The force that acts to bring markets to equilibrium.
2. Setting the interest rate in the overnight cash market in order to influence the real interest rate in the economy as a whole.
5. Father of modern macroeconomics.
6. Largest component of aggregate demand, also what you do at breakfast, lunch and dinner.
7. The dominant school of economic thought and major opponent to the Keynesian Schools. Also sounds like a really weird type of music.
8. The study of choice.
12. One of the fathers of classical economic thought known for his work in trade theory, the law of diminishing returns and those stupid Country A versus Country B opportunity cost tables you have to do in Micro 1.