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Demand and Supply Side Policies

Horizontales
the transfer of organisations or assets from state ownership to private sector ownership.
the total accumulated borrowing of government which remains to be paid to lenders. (8,4)
the manipulation by government of monetary variables, such as interest rates and the money supply. (8,6)
occurs when an individual is little better off or even worse off when gaining an increase in wages because of the combined effect of increased tax and benefit withdrawal. (7,4)
the official name given to the difference between government spending and its receipts in the UK. (4)
policies designed to promote economic growth by reducing barriers to the efficient working of free markets. (6,5)
a monetary policy instrument where the central bank buys financial assets to increase borrowing and lending in the economy. (12,6))
policy which leads to an increase in AD
Verticales
rules and regulations which firms must adhere to. (3,4)
government policies designed to correct market failures that are reducing growth.
the rate of interest charged by the BoE to banks to borrow money overnight. (4,4)
the least amount an employer can pay one of its workers, usually expressed as an hourly wage rate. (7,4)
the process of removing government controls from markets.
arises when government spending is greater than receipts. (6,7)
the use of taxes, government spending and government borrowing by government. (6,6)
a tax levied on goods or services. (8,3)