Year 10 Economics

3. The type of unemployment caused by people moving between jobs.
4. The type of unemployment caused by a change in how the economy is structured and operates.
7. The __________ bank of Australia.
8. The price of borrowing money.
9. Material living standards refer to a person's access to _____________ goods and services, such as income, healthcare, and housing.
12. A general increase in prices and fall in the purchasing value of money.

1. This type of inflation occurs when the increases in production costs (raw materials, labour, etc.) are passed onto the consumers so that businesses can maintain profit margins.
2. The economic problem of ___________.
5. The total value of all assets that a person or household owns, minus any debts or liabilities they owe.
6. This type of inflation occurs when the overall demand for goods and services is higher than the economy's ability to produce them.
8. The flow of funds from firms to households.
10. GDP is used to measure economic _____________.
11. Governments adjusting taxation rates is an example of _______ policy.