Across
- 5. Theory that inflation occurs when demand for goods and services exceed existing supply.
- 6. People who lose their jobs because technological advances reduce the demand for people with their skills.
- 7. People who are changing jobs or are seeking their first jobs.
- 10. Overall price levels go up due to increases in the cost of wages and raw materials.
- 11. Financial ability to buy products and services.
- 12. Money recieved, epscially on a regular basis, for work or through investments.
- 13. People who lose their jobs during periods of economic decline.
- 14. Reduction of the general level of prices in an economy.
Down
- 1. Inflation of a nation increases gradually, but continually over time
- 2. Proportion of a loan that is changed as interest to the borrower, typically expressed as an annual percent of the loan outstanding.
- 3. Represents a Proless Circle in which wage increases.
- 4. Hypothesis that charges in prices correspond to changes in the monetary supply.
- 8. People who are unemployed because their jobs depend on the season.
- 9. Monetary inflation occuring at a high rate.