Unit 2 - How the economy works 0.0 / 5 ? EconomicsDefinitionsGCSEOCR Created by: a is for aranCreated on: 05-12-15 18:22 71063954812 Across 1. The use of interest rates to achieve the governments economic objectives (8, 4, 6) 5. A type of structural unemployment where workers who had the skills to do a job have been replaced by automated machienary (13) 6. Macro-economic policy - The use of government spending and taxation to change the level of aggregate demand in the economny - *blank* policy (6) 9. Type of unemployment - due to certain firms only demanding workers at certain times of the year e.g. a ski instructor (8) Down 2. Macro-economic policy -Policies that look to increase aggregate supply through improving the quantity and/or quality of factors of production - *blank* policy (6, 4) 3. A measure of unemployment based on a survey of households, asking whether people are actively seeking work but do not have a job (6, 5, 6) 4. The interest rate set by the Bank of England which influences all other interest rates in the economy (4, 4) 7. How incomes are shared out among the people of a country (12, 2, 6) 8. Macro-economic policy - The use of changes in the interest rate to change the level of aggregate demand in the economy - *blank* policy (8) 10. Type of unemployment - due to a lack of aggregate demand (8)
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