Unit 4b

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

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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