Fiscal Policy Crossword Puzzle

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.