Macroeconmics Crossword Puzzle

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Aggregate Demand: Total Demand in the economy (expenditure + exports + investment +government spending)
Aggregate Supply: Total Supply in the economy.
Balanced Budget: Government income = government expenditure
Budget: Government income & government expenditure for a l year period.
Budget deficit: Government expenditure is greater than its income for that year.
Budget surplus: Government income is greater than its expenditure for that year.
Circular: ___________  flow of income - Model showing the flow of money, factors of production &goods/services in the economy.
Direct:  __________  taxes - Taxation on income and wealth (income tax, corporation tax, inheritance tax, capital gains tax).
Fiscal policy: Use of taxation and government spending to influence the economy.
Indirect:  __________  taxes - Taxation on spending (VAT, excise duties, import taxes)
Interest Rates: Cost of borrowing or reward for saving money. Base rate set by the central bank. Commercial bank rates generally follow base rate changes but at a higher total rate.
Monetary policy: Use of interest rates or the money supply to influence the economy.
Progressive: __________  taxes - Usually implemented through direct taxes & take a higher % of income as tax from higher earners.
Regressive:  __________  taxes - Usually associated with indirect taxes - taking a higher % of income from lower earners.
Taxation: form of income for the government through direct or indirect charges (taxes).

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QUESTIONS LIST:

aggregate demand: total demand in the economy (expenditure + exports + investment +government spending)
aggregate supply: total supply in the economy.
balanced budget: government income = government expenditure
budget: government income & government expenditure for a l year period.
budget deficit: government expenditure is greater than its income for that year.
budget surplus: government income is greater than its expenditure for that year.
circular: _ flow of income - model showing the flow of money, factors of production &goods/services in the economy.
direct: _ taxes - taxation on income and wealth (income tax, corporation tax, inheritance tax, capital gains tax).
fiscal policy: use of taxation and government spending to influence the economy.
indirect: _ taxes - taxation on spending (vat, excise duties, import taxes)
interest rates: cost of borrowing or reward for saving money. base rate set by the central bank. commercial bank rates generally follow base rate changes but at a higher total rate.
monetary policy: use of interest rates or the money supply to influence the economy.
progressive: _ taxes - usually implemented through direct taxes & take a higher % of income as tax from higher earners.
regressive: _ taxes - usually associated with indirect taxes - taking a higher % of income from lower earners.
taxation: form of income for the government through direct or indirect charges (taxes).