Unit 4 Economics Definitions
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?- Created by: Lola
- Created on: 26-02-13 22:05
| B | N | E | S | X | M | F | V | T | R | I | C | A | N | J | M | L | Y | V | L | E |
| W | I | N | I | C | F | L | D | D | E | Y | O | C | E | D | A | K | C | E | S | Y |
| S | M | W | C | O | H | R | E | E | S | Q | M | B | X | E | R | E | I | S | H | O |
| C | P | G | L | N | S | R | P | I | I | P | P | P | C | M | G | O | L | H | N | V |
| N | O | K | F | V | N | P | T | N | L | F | A | O | H | O | I | H | O | P | B | N |
| X | R | E | I | E | F | C | F | D | I | M | R | H | A | G | N | J | P | J | F | E |
| M | T | X | Q | R | A | K | O | U | B | N | A | J | N | R | A | T | Y | R | Q | G |
| N | S | Q | P | G | I | O | R | S | A | F | T | H | G | A | L | K | R | Q | O | J |
| U | U | O | T | E | J | J | E | T | T | M | I | B | E | P | T | G | A | E | I | O |
| F | B | W | R | N | C | W | Q | R | S | M | V | E | R | H | A | U | N | F | K | Q |
| M | S | H | K | C | C | V | U | I | C | N | E | O | A | I | X | L | O | O | H | K |
| T | T | V | D | E | K | K | I | A | I | A | A | A | T | C | R | O | I | Y | R | F |
| Q | I | B | S | C | O | T | T | L | T | H | D | P | E | T | A | L | T | B | H | W |
| F | T | K | Q | R | A | C | Y | I | A | F | V | J | S | I | T | L | A | V | W | O |
| U | U | C | O | I | H | U | S | S | M | A | A | X | Y | M | E | T | L | Q | L | M |
| Q | T | A | A | T | X | E | W | A | O | S | N | K | S | E | M | H | F | G | Y | A |
| Q | I | F | S | E | S | R | A | T | T | Q | T | Q | T | B | R | C | E | E | Y | S |
| H | O | E | T | R | Q | U | P | I | U | R | A | L | E | O | T | B | D | K | F | D |
| F | N | H | J | I | R | L | N | O | A | L | G | E | M | M | P | B | A | N | U | O |
| J | V | H | J | A | I | O | N | N | F | A | E | I | M | B | D | E | M | D | K | Q |
| I | U | E | W | A | I | C | E | F | P | B | N | I | T | P | T | A | D | N | S | M |
Clues
- A feature of the government's public finance which helps keep aggregate demand stable in face of booms and busts (the business cycle) without a deliberate attempt by government to adjust AD. (9, 10)
- Government policies to reduce aggregate demand; increase interest rates, cut government spending and raise taxes (12, 6)
- Later stage of economic development where proportion of national output from manufacturing declines steadily as the share from the service sector rises. (19)
- Macroeconomic conditions that must be met before a country is allowed to join an Economic & Monetary Union, i.e. low inflation, low government budget deficit, low national debt exchange rate stability against other EMU currencies (11, 8)
- Mechanism where indebted LEDCs exchange foreign debt for shares in domestic firms. (4, 3, 6, 4)
- Strategy used by LEDC governments to replace imports of manufactured goods with domestic production. (6, 12)
- The negative effects of the ageing population in the industrialised world (11, 8)
- The producer with the lowest opportunity cost of production (or highest output per factor of production) for a particular product. (11, 9)
- The proportion of an additional pound of income which goes in tax. (8, 3, 4, 3)
- The rules which determine how a country's exchange rate is set. (8, 4, 6)
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