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Aggregate demand and supply crossword

Aggregate demand and supply crossword

Let your classes enjoy this revision crossword, perfect for a Friday afternoon or the last week of term.  Students can have fun and learn at the same time with this exercise - answers included. 

Across

3. When public spending prevents private investment
spending
4. One of the macroeconomic objectives
5. A measure of living standards (not GDP)
7. When an economy is operating below its full employment level
8. The % of additional income spent on domestic goods and services
9. The % of additional income spent on imports
14. An expansionary monetary policy
18. The rate of interest minus the inflation rate
19. Equal to exports minus imports
 

Down
1. Changes to either tax rates or government spending  
2. An individual living on less than $1.50 a day
6. Policies aimed at improving the quantity and quality of the factors of production
9. The lowest wage a worker can earn
10. An individual whose income is insufficient to meet the normal living standards for that nation
11. Equal to C+G+I+(X-M)
12. Payments by government on welfare spending, for instance
13. A rise in real GDP
15. Taxes on good or services, not income
16. What arises when an economy overheats
17. An example of a market based supply-side policies

Answer key 

Across
3. Crowding out
4. Inflation
5. Happiness index
7. Recessionary gap
8. MPC
9. MPM
14. Quantitative easing
18. Real interest rates
19. Net exports
 

Down
1. Fiscal policy
2. Absolute poverty
6. Supply side policies
9. Minimum wage
10. Relative poverty
11. Aggregate demand
12. Transfer payments
13. Economic growth
15. Indirect taxes
16. Inflationary gap
17. Privatization

 The crossword can be accessed as a PDF file at:  Crossword AD/AS