Economic Performance Crossword Puzzle

QUESTIONS LIST:

• interest rates : relatively low _ _ can cause a rise in inflation
• welfare : policy used by government to manage unemployment.
• unemployment : when people are willing & able to work but cannot find a job.
• labour force : total number of people who are employed, or seeking work.
• structural : type of unemployment when technology reduces work available.
• cyclical : type of unemployment resulting from a decrease in economic growth.
• seasonal : type of unemployment that occurs when grapes are out of season.
• frictional : type of unemployment that occurs when a you leave a job in search of a better pay.
• final good : item bought by final user.
• recession : when economic growth falls for two or more quarters in a row.
• depression : when economic growth decreases and lasts over 2 years.
• inflation : sustained increase in the price of goods and services.
• cost push : type of inflation caused by an increase in production costs.
• demand pull : type of inflation caused by supply being less than demand.
• expansion : phase of business cycle where people are confident.
• peak : phase of business cycle where price continues to rise and consumer and business confidence falls.
• contraction : phase of business cycle where business begin to close down or reduce their size.