Flashcards
6.1 Macro
Flashcards do conjunto (7)
- 1Fiscal policyThe government using government spending to achieve the governments policy.
- 2RecessionA fall in real GDP for 6 months or more.
- 3Nominal GDPGDP measured at the current market prices, without removing the effects of inflation.
- 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.
- 5Real GDPA measure of all the goods and services produced in an economy, adjustment for price changes or inflation.
- 6MacroeconomicsInvolves the study of the whole economy at the aggregate level.
- 7—
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- Descrição
- The objectives og the government economic policy
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- armanakther
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