Economics Definitions

Micro and Macro Definitions for AS Economics OCR.

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U W E P C Q R A G H Y F L L C L G L W D U
C N Q D L J I L N N O A A T A O E A O W X
O S U E T B R L I O E C C R I N C U M E I
N D I M I L B O D I J T P O E G O T P G K
S O L A L G M C N T B O F F A T N O T O Y
U W I N D C D A E A J R M P U E O M K T J
M O B D L H L T P L R O W J I R M A E E B
E M R P W X Q I S F B F C D E M I T D V I
R D I U A F L V T N R P F G U U C I L R T
E W U L F D O E N I Q R M J Y N E C V U W
X S M L K E W E E H M O X K R E F S J O C
P O Q I D F E F M S V D L M H M F T P E J
E H U N C O L F N U Q U B O J P I A G E P
N R A F R R A I R P N C J K U L C B X P I
D U N L A P D C E T M T Q P W O I L W I V
I Q T A H N X I V S P I M T M Y E I J S N
T T I T D C W E O O O O N O T M N S A P F
U L T I O J G N G C E N P M H E C E P S J
R L Y O H J M C N D E Q V J F N Y R N K O
E V L N J S B Y M T H N W C X T S S D C E
U S Q K N H V S E O J J R V J B E F C J X

Clues

  • Forms of Govt. Spending and taxation that change automatically to offset fluctuations in economic activity. (9, 10)
  • Increases in price level caused by increases in costs of production. (4, 4, 9)
  • Increases in the price level caused by increases in Aggregate Demand (6, 4, 9)
  • Quantity that is demanded and supplied at equilibrium price. (11, 8)
  • Resource inputs that are available in an economy for the production of goods and servies. (6, 2, 10)
  • Spending by households on consumer products. (8, 11)
  • Spending by the central bank and local government on goods and services. (10, 8)
  • Unemployment lasting more than a year. (4, 4, 12)
  • Where both allocative and productive efficiency are achieved. (8, 10)
  • Where consumer satisfaction is maximised. (10, 10)

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