Economics
- Created by: Joe Munday
- Created on: 31-03-13 23:02
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Clues
- A government monetary policy occasionally used to increase the money supply by buying government securities or other securities from the market. (12, 6)
- A record of all transactions made between one particular country and all other countries during a specified period of time. (7, 2, 8)
- An economic measure of the difference between the actual output of an economy and the output it could achieve when it is most efficient, or at full capacity. (8, 6, 3)
- An economic theory that suggests that as demand or income increases in an economy, so does the investment made by firms. (11, 6)
- Government spending (or government expenditure) includes all government consumption and investment but excludes transfer payments[1] made by a state (10, 8)
- Negative externalities occur when production and/or consumption impose external costs on third parties outside of the market for which no appropriate compensation is paid. (8, 10)
- The circular flow of income is a neoclassical economic model depicting how money flows through the economy. (8, 4, 2, 6)
- The increase in efficiency of production as the number of goods being produced increases. (9, 2, 5)
- This occurs when the consumption or production of a good causes a benefit to a third party. ·For example, when you consume education you get a private benefit. But there are also benefits to the rest of society. (8, 11)
- Unemployment due to a lack of demand. (8, 12)
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