IB Final CLass

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Across
  1. 2. when current spending exceeds current revenue.
  2. 4. decrease in investment due to government borrowing
  3. 7. best economics lecturer in SETU
  4. 10. issues that impede the effectiveness of fiscal policy
  5. 11. if MPC is 75 Y increased by 4000- what is the effect on GDP
  6. 12. when GDP is above potential GDP
  7. 15. use of government spending to stabilise business cycle
  8. 17. fraction of deposits hold as reserves by central bank
  9. 19. a policy that focuses on increasing productivity.
  10. 20. The predictable and periodic fluctuations of real GDP around potential.
Down
  1. 1. Directional change of AS if wages increase
  2. 3. use of G and T to stabilize the bus cycle
  3. 5. fiscal policy without action by government
  4. 6. a fiscal policy used to dampen inflation
  5. 8. Directional change of AS if productivity increases
  6. 9. Mcgrath Minister for Finance
  7. 13. Directional change of AD if government spending decreases
  8. 14. the organisation that controls Monetary Policy in the EU
  9. 16. consequence of inflation
  10. 18. sale of government bonds by a central bank