Unit 2 - How the economy works

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

Clues

  • A policy that changes the total supply of money in the economy (8, 6)
  • A rate of inflation so high that the value of money becomes nearly worthless (14)
  • A tax which takes the same proportion of income as income rises (12, 3)
  • A tax which takes a greater proportion of income as income rises (11, 3)
  • Benefits to citizens paid from tax revenue normally on basis of need (8, 7)
  • Inflation due to a rise in the costs of production faced by firms in the economy (4, 4, 9)
  • Inflation due to aggregate demand rising more quickly than the rise in supply of goods and services (6, 4, 9)
  • Macroeconomic objective - L U (3, 12)
  • Macroeconomic objective - L, S I (3, 6, 9)
  • The general price level grows at a low, steady rate over time (5, 9)

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