Economic Considerations

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  • Created by: Nelle
  • Created on: 09-05-13 09:59
GDP
The main measure of economic activity and output. Helps to measure economic growth
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Recession
A period of falling output and rising unemployment. Two or more successive quarters of falling GDP. (slow or even negative growth)
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Interest Rate
The charge paid by borrowers to lenders for loans. This is set each month my the Monetary Policy Committee (MPC)
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Monetary Policy
The deliberate use of interest rates to influence the level of activity.
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Inflation
Measures the rise in general price levels. CURRENT UK INFLATION 2%
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Consumer Price Index (CPI)
Measures the rate of inflation.
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Other cards in this set

Card 2

Front

A period of falling output and rising unemployment. Two or more successive quarters of falling GDP. (slow or even negative growth)

Back

Recession

Card 3

Front

The charge paid by borrowers to lenders for loans. This is set each month my the Monetary Policy Committee (MPC)

Back

Preview of the back of card 3

Card 4

Front

The deliberate use of interest rates to influence the level of activity.

Back

Preview of the back of card 4

Card 5

Front

Measures the rise in general price levels. CURRENT UK INFLATION 2%

Back

Preview of the back of card 5
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