Unit 4b

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

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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