AS level Economics Revision

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Across
  1. 4. A fall in GDP over a period of at least six months
  2. 5. A tax that takes a higher percentage from the rich
  3. 6. The total amount that producers in an economy are willing and able to supply at a given time period
  4. 9. Increases in the price level caused by increases in the costs of production
  5. 10. The charge for borrowing money and the reward for saving money
  6. 14. The total output produced in an economy over a given time period
  7. 17. A record of money flows coming in and going out off a country
  8. 19. When AD equals AS and real GDP is not changing
  9. 21. Products sold abroad
  10. 22. A tax that takes a greater percentage from the poor
  11. 24. A sustained fall in the general price level
  12. 25. A tax on imports
Down
  1. 1. When imports is greater than exports
  2. 2. The time and effort spent trying to counter-act the effects of inflation
  3. 3. Central bank or Government decisions on the rate of interest, the money supply and the exchange rate.
  4. 7. The protection of domestic industries from foreign competition
  5. 8. When exports is greater than imports
  6. 11. The taxation and spending decisions of a government
  7. 12. A limit on imports
  8. 13. A payment usually from a government to encourage production or consumption of a product
  9. 15. People's incomes being dragged into higher tax bands as a result of inflation
  10. 16. The total demand for a country's goods and services at a given time period
  11. 18. The cost of changing prices due to inflation
  12. 19. An economic system in which resources are allocated through both the private and public sector
  13. 20. Products bought from abroad
  14. 23. The price of one currency in terms of another