Economic developments keywords (B)

Created by: XICarlosIX
Created on: 27-12-18 16:03

'stop-go' economics

the economics of 'stop-go' derived its name from the tensions between an expanding economy, with low interest rates and rising consumer spending ('go')

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'stop-go' economics continued definition

and the results of the economy overheating, with wages and imports exceeding productivity and exports, necessitating a deliberate slowing down, or deflating of the economy ('stop') through higher interest rates and spending cuts.

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balance of trade

the difference between the goods that a country imports and what it exports; if a country imports more than it exports it is said to have a trade deficit; if it exports more than it imports it has a trade surplus.

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balance of payment

this includes invisible imports and exports i.e. services such as shipping, banking and insurance, the balance of trade is part of the balance of payments

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run on the pound

a term describing a rapid fall in the value of the pound in international currency markets, especially in relation to the US dollar.

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sterling

a term used by economists for the British currency, the pound sterling

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Card 2

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'stop-go' economics continued definition

Card 3

Front

Back

Card 4

Front

this includes invisible imports and exports i.e. services such as shipping, banking and insurance, the balance of trade is part of the balance of payments

Back

Card 5

Front

a term describing a rapid fall in the value of the pound in international currency markets, especially in relation to the US dollar.

Back

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Economic developments keywords (B)