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6.1 Macro

armanakther Inglés 7 fichas

Fichas del conjunto (7)

  1. 1Fiscal policyThe government using government spending to achieve the governments policy.
  2. 2RecessionA fall in real GDP for 6 months or more.
  3. 3Nominal GDPGDP measured at the current market prices, without removing the effects of inflation.
  4. 4Gross domestic product (GDP)The sum of all goods and services, or level of output, produced in the economy over a period of time, e.g. one year.
  5. 5Real GDPA measure of all the goods and services produced in an economy, adjustment for price changes or inflation.
  6. 6MacroeconomicsInvolves the study of the whole economy at the aggregate level.
  7. 7—

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The objectives og the government economic policy
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armanakther
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11
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key words
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