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Across 1. Which policy involves the use of government spending, taxation and borrowing to affect the level and growth of aggregate demand, output and jobs? 6. An instrument of monetary policy is to influence what rates? 7. This tax is levied on income, wealth and profit? 9. This demand is the total level of demand for desired goods and services (at any time by all groups within a national economy) that makes up the gross domestic product (GDP) 10. The issue of government debt is known as what type of bills ? 14. The study of the overall aspects and workings of a national economy 18. The main objective of monetary policy is price ---------? 19. Governemnts spends most on what form of protection? 20. The main reason for taxation is to raise ?

Down 2. The main Instrument of monetary policy are what rates? 3. Which policy concerns changes in short term base interest rates? 4. The transfer of ownership from the state (government) to the private sector ? 5. The “opening up” of markets - allowing for more competition? 8. Indirect taxes are levied on ? 11. Name the direct tax levied on business profits? 12. government debt is bought up by iwhat type of institutions ? 13. a budget deficit, it means that in a given year, total government ---------- exceeds total tax revenue 15. VAT stands for ----- added tax? 16. Name the direct tax levied on your salary? 17. The Bank of England prefers a series of what type of movements in interest rates?