Year 10 Economics Revision

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Across
  1. 1. The type of unemployment that occurs when people lost their jobs due to a fall in sales
  2. 3. This occurs when quantity demanded and quantity supplied are the same
  3. 5. A name given to a category of things that can be used to measure living standards that are not based on money or goods
  4. 6. This occurs when the price of a good is set above equilibrium
  5. 7. An increase in this will lead to higher prices
  6. 8. The term used when the Australian Bureau of statistics releases data on a three monthly basis
  7. 12. These typically rise in a time of economic growth
  8. 15. This occurs when the price of a good is set below equilibrium
  9. 17. How often economic growth, unemployment and inflation are typically measured
  10. 18. This is shown on the circular flow model as a money flow from firms to households
  11. 20. The type of unemployment when people are between jobs
  12. 21. This law says as price increases the quantity demanded will fall. It is known as the Law of ?
  13. 22. The type of unemployment that occurs when people are replaced by technology
  14. 24. The word placed in the box on the left hand side of a circular flow model
  15. 25. The main reason for privately owned firms existing
  16. 26. The word placed in the box on the right hand side of a circular flow model
Down
  1. 2. Term used when economic data is measured over the course of the year
  2. 4. This is shown on the circular flow model as a money flow from households to firms
  3. 9. The term used to describe those people who either have a job or a are looking for one
  4. 10. The type of unemployment that occurs when people have traits that make them undesirable to hire
  5. 11. The abbreviation for Gross Domestic Product
  6. 13. The situation where prices are rising according to figures revealed in the Consumer Price Index
  7. 14. This law says as price increases the quantity supplied will rise. It is called the Law of ?
  8. 16. This is typically reduced during times of inflation
  9. 19. This happens when the amount of goods and services available increase in a given period of time
  10. 23. The name given to the official rate of interest set by the Reserve Bank