GROUP ACTIVITY:

__________________________
Names: ______________________________________________
_______________________________________________

****

D Q T H E G R E A
I L B T E G D U B
S G R E A T D E P
C A E M L N A P C
R M L O T I C I
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I O I A B T A N I
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for those words in

Section: _____________ Date: ________________

I T I N G O
Y C M A P X
U O G N I D
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T O R Y T U
L M E A H L
D N A P G N
Y N I N O N
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P R O D U C
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the WORD HUNT.

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Find the following:

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3.
___________________________ It is an economic policy which is through taxation and government spending.
4.
___________________________ These are changes in the government spending and taxation at the option of the central
government. They do not occur automatically. They are also called at active fiscal policies.
5.
___________________________ This policy consists of government spending increases, tax reductions, or both, designed
to increase the aggregate demand and therefore raise real GDP.
6.
___________________________ This takes place when government spending is greater than the tax revenues.
7.
___________________________ This may help control demand-pull inflation. This policy consists of government spending
reductions, tax increases, or both, designed to decrease aggregate demand and therefore lower or eliminate inflation.
8.
___________________________ Anything that increases the governments budget deficit during a recession and increases
its budget surplus during an expansion without requiring explicit action by the legislature or by policy makers.
9.
___________________________ (9-11) Three types of Tax Systems which affects the effectivity of fiscal policy.
10.
___________________________
11.
___________________________
12.
___________________________ Also called as full employment budget. It may be used to measure what the national
budget deficit or surplus would have been under existing tax rates and government spending levels if the economy has
achieved full-employment level of GDP.
13.
___________________________ It is a by-product of the economys slide into recession, not a result of dicresionary fiscal
actions of the government.
14.
___________________________ A major economic trouble which began in 2007. It is one of the steepest and longest
economic downturns since the 1930s..
15.
___________________________ The power of the government to impose burden and charges upon its citizens to generate
revenues and to create economic regulations.
16.
___________________________ The time between the beginning of recession or inflation and certain awareness that it is
actually happening.
17.
___________________________ The effect of the slow system of a democratic government.
18.
___________________________ This occurs between the time the fiscal action is taken and the time that action affects
output, employment, or the price level.
19.
___________________________ This results from election-motivated fiscal policy, rather than from inherent instability in
the private sector.
20.
___________________________ A potential flaw of fiscal policy which is an expansionary fiscal policy that may increase
the interest rate and reduce investment spending, thereby canceling the stimulus of the expansionary policy.
21.
___________________________ (21-22) Two major types of fiscal policies.
22.
___________________________
23.
___________________________ Your home college.
24.
___________________________ The most influential man in Macroeconomic History.
25.
___________________________ The home of the Growling Tigers.

GROUP ACTIVITY: Philippine History

Names: ______________________________________________
_______________________________________________
_______________________________________________

****

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Section: _____________ Date: ________________

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Direction: Write the answer in the space provided and look for those words in the WORD HUNT.
Find the following:
1. ___________________________ The social science that deals with the proper utilization of resources.
2. ___________________________ One of the major branches of Economics.

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3. ___________________________ The concept which refers to the value of the alternative which is lost.
4. ___________________________ It is the schedule of various commodities which the buyers are willing and able to
pay.
5. ___________________________ It is the schedule of various commodities which the sellers are willing and able to
produce.
6. ___________________________ It is the technical term for satisfaction.
7. ___________________________ It refers to the interaction between buyers and sellers.
8. ___________________________ It is the difference between the consumers willingness to pay and the actual price of
a good.
9. ___________________________ A market where in there is only one major seller of a good.
10.

___________________________ A market where in there are 2 to 3 major players.

11.

___________________________ In laymans term, it means sawa.

12.
___________________________ It refers to a sustained increase in the general price level of goods and
services.
13.
___________________________ It is the condition of a person who has the willingness to work, but is not able to
find work.
14.

___________________________ The value of a currency based on another currency.

15.

___________________________ The power of the government to impose burden upon its citizens.

16.

___________________________ It is an economic policy which is through government spending.

17.
___________________________ It is an economic policy which is through governments control of the money
supply.
18.

___________________________ An example of an indirect tax.

19.
___________________________ The total value of all the final goods which are produced within the nations
territory.
20.

___________________________ The total value of all the final goods which are produced by local capital.

21.
___________________________ The national income divided by the total number of population within an
economy.
22.

___________________________ It is the change or overhaul in which way land is held or owned.

23.

___________________________ Your home college.

24.

___________________________ The most influential man in Economic History.

25.

___________________________ The home of the Growling Tigers.