Unit 4b 0.0 / 5 ? Business Studies & EconomicsUnit 4bA2/A-levelEdexcel Created by: Luke HetheringtonCreated on: 20-06-16 12:40 76328541 Across 1. Reduce the demand for domestically produced goods and services by diverting part of people’s incomes into savings, taxes. (8) 4. Socially desirable; underproduced if left to the free market; customers will be unwilling to pay private costs; e.g. healthcare, education. (5, 5) 5. What people earn from wages, dividends, interest and rates if owning property. (6) Down 2. Situations where free market forces have led to an inefficient allocation of resources. (6, 7) 3. Uses interest rates to vary the costs of borrowing and influence the level on consumption, interest and aggregate demand. (8, 6) 6. People who are willing and able to work but cannot find a job. (12) 7. Explains how an increase in spending has a greater impact on the economy than the initial amount spent. (3, 10, 6) 8. Involves changes in taxation, government expenditure and public borrowing. (6, 6)
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