Fiscal Policy Crossword Puzzle

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EXPANSIONARY: Policy stance involving higher spending or lower taxes to boost demand.
CONTRACTIONARY: Policy stance involving lower spending or higher taxes to slow demand.
NEUTRAL: Budget stance when spending and revenue are balanced at full employment.
AUTOMATIC: A type of stabiliser with built-in features like tax revenue and welfare payments that vary with the cycle.
DISCRETIONARY: Deliberate government changes to taxes or spending to influence the economy.
SURPLUS: When government revenue exceeds expenditure.
DEFICIT: When government spending exceeds revenue.
BALANCED: When receipts equal payments in the budget.
STRUCTURAL: Component of the budget outcome driven by deliberate government policy.
CYCLICAL: Component of the budget outcome driven by the business cycle.
BONDS: IOUs sold to finance deficits, making up about 95% of borrowing needs.
MULTIPLIER: Effect where initial government spending causes larger total income increases.
ADAS: Model used to show fiscal effects on output and inflation.
CROWDING OUT: Risk when deficit borrowing raises interest rates and reduces private investment.

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QUESTIONS LIST:

expansionary: policy stance involving higher spending or lower taxes to boost demand.
contractionary: policy stance involving lower spending or higher taxes to slow demand.
neutral: budget stance when spending and revenue are balanced at full employment.
automatic: a type of stabiliser with built-in features like tax revenue and welfare payments that vary with the cycle.
discretionary: deliberate government changes to taxes or spending to influence the economy.
surplus: when government revenue exceeds expenditure.
deficit: when government spending exceeds revenue.
balanced: when receipts equal payments in the budget.
structural: component of the budget outcome driven by deliberate government policy.
cyclical: component of the budget outcome driven by the business cycle.
bonds: ious sold to finance deficits, making up about 95% of borrowing needs.
multiplier: effect where initial government spending causes larger total income increases.
adas: model used to show fiscal effects on output and inflation.
crowding out: risk when deficit borrowing raises interest rates and reduces private investment.