The Economy

3. When the demand for a good or service is less than the available supply. (7)
6. The change in the level of economic activity over a period of time. (8,5)
9. A general and sustained fall in prices over time. (9)
13. The price of buying foreign currency. (8,4)
14. The economic activity carried out by people and businesses in a country. (3,7)
16. The total value of goods produced and services provided in a country during one year. (5,8,7)
17. Interest rates that can change over lifetime of a loan. (8,4)
18. A situation when the level of economic growth is negative for two successive quarters. (9)
21. Raw materials such as coal, oil, copper, iron ore, wheat and soya. (11)
23. The purchase of a good or service from a foreign business leading to a flow of money out of the UK. (6)
24. Individual or a group which has an interest in and is affected by the activities of a business. (11)

1. The cost of borrowing / the reward for investing. (8,4)
2. The amount sellers are willing to offer for sale at any given price. (6)
4. Who is responsible for setting the interest rate? (4,2,7)
5. Interest rates that stay the same over an agreed period of a loan. (5,4)
7. The amount consumers are willing and able to buy at any given price. (6)
8. A sum of money borrowed from a bank that is secured against a property. (8)
10. The amount of buying and selling that takes place in a period of time. (8,8)
11. A normal part of the business cycle when GDP contracts for at least two quarters. (10)
12. Follows depression in the business cycle. 8)
15. The rise in the rate of economic activity in an economy. (8,6)
19. When the demand for a good or service is greater than supply. (8)
20. A period of increased commercial activity, a period of significant GDP growth. (4)
22. A general and sustained increase in prices over time. (9)
25. The sale of a good or service to a foreign buyer that leads to a flow of money into the UK. (6)