Economic terms

HideShow resource information
Stagflagnation
Where industry declines but inflation continues
1 of 6
GDP (Gross Domestic Product)
Annual total value of goods/produce provided
2 of 6
R&D
Research and development in the economic sphere
3 of 6
'Stop-go' policy
Go: people have money to spend with reduced taxes and interest rates. Stop: Consumption increases too quickly so taxes and interest rates go up
4 of 6
Overheating
Where there is too much money in the econoy due to high consumption
5 of 6
Hire purchase
Modern Conviences for instance could be bought in installments; however if installments are not paid, the item can be reclaimed
6 of 6

Other cards in this set

Card 2

Front

Annual total value of goods/produce provided

Back

GDP (Gross Domestic Product)

Card 3

Front

Research and development in the economic sphere

Back

Preview of the back of card 3

Card 4

Front

Go: people have money to spend with reduced taxes and interest rates. Stop: Consumption increases too quickly so taxes and interest rates go up

Back

Preview of the back of card 4

Card 5

Front

Where there is too much money in the econoy due to high consumption

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Economic key terms resources »