Secondary_4_Fiscal Policy and monetary policy

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Across
  1. 3. Physical money used in an economy.
  2. 5. Policy that uses taxation and government spending to steer the economy.
  3. 6. the total amount the government has borrowed over time
  4. 12. taxes with a single rate
  5. 13. A means of exchange, store of value, and unit of account within an economy.
  6. 14. Policy that involves changing the rate of growth of the supply of money in circulation
  7. 17. the price of one currency in terms of another currency or currencies
  8. 18. forms of government expenditure and taxation that reduce fluctuations in economic activity, without any change in government policy
Down
  1. 1. Policy enacted by the government that reduces output. Examples include raising taxes and decreasing government spending.
  2. 2. the relationship between government revenue and government spending
  3. 4. taxes on expenditure
  4. 5. Short for the Federal Reserve, the government agency that controls monetary policy.
  5. 7. the percentage rise in the price level of goods and services over time
  6. 8. the price level in the economy not changing significantly over time
  7. 9. - Money that the government spends on goods and services like employees, social security, and defense.
  8. 10. Policy enacted by the government that increases output. Examples include lowering taxes and increasing government spending.
  9. 11. taxes on income and wealth
  10. 15. the monetary authority of a country, which performs the functions of issuing currency, managing the money supply, and controlling interest rates
  11. 16. - Money collected by the government to maintain its services.