Unit 4b

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

Clues

  • Explains how an increase in spending has a greater impact on the economy than the initial amount spent. (3, 10, 6)
  • Involves changes in taxation, government expenditure and public borrowing. (6, 6)
  • People who are willing and able to work but cannot find a job. (12)
  • Reduce the demand for domestically produced goods and services by diverting part of people’s incomes into savings, taxes. (8)
  • Situations where free market forces have led to an inefficient allocation of resources. (6, 7)
  • Socially desirable; underproduced if left to the free market; customers will be unwilling to pay private costs; e.g. healthcare, education. (5, 5)
  • Uses interest rates to vary the costs of borrowing and influence the level on consumption, interest and aggregate demand. (8, 6)
  • What people earn from wages, dividends, interest and rates if owning property. (6)

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