Across
- 6. Inflationary ... - consumers think prices will rise so start spending now to avoid future price increases.
- 7. Our official measure of inflation in New Zealand
- 9. The rate at which banks lend/borrow with the Reserve Bank, influences interest rates.
- 13. These people are worse off as the purchasing power of the money in their accounts decreases with inflation.
- 14. These people may be better off if wages keep pace with inflation, as the fixed amount of their loan becomes easier to pay back.
- 15. Inflation due to an increase in AD (6,4)
Down
- 1. Inflation rate is rising, but at a slower rate than the previous time period.
- 2. An increase in the general price level
- 3. Price ... - how NZ producers match with the same products from overseas.
- 4. Inflation due to increase in costs of production (4,4)
- 5. Household wages rise with inflation, pushing them into higher tax brackets (6,4)
- 8. Spending by households on goods and services
- 10. Money earned per unit of production made (revenue minus costs)
- 11. Organisation responsible for overseeing price stability in NZ (7,4)
- 12. A decrease in the general price level
