macro - 2nd set

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  • Created by: inayah
  • Created on: 12-04-14 09:32
Corporation tax
a tax on firms products
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Cost push inflation
increase in the price level caused by an increase in costs of production
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CPI
a measure of changes in the price of a representative basket of consumer goods and services.Differs from rpi in methodology and coverage
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Cyclical unemployment
unemploymnet arising from lack of AD
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Deflation
a sustained fall in price level
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Deflationary
the persistent decrease in the level of consumer price
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Demand pull inflation
increase in the price level caused by increase in aggregate demand
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Developed economy
an economy with a high level of income per head
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Developing economy
an economy with a low level of income per head
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Discretionary fiscal policy
The deliberate manipulation of government purchases, taxation, and transfer payments to promote macroeconomic goals, such as full employment, price stability and economic growth.
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disposable income
income after taxes on income have been deducted and state benefits have been added
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Dissave
spending more than disposable income
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Other cards in this set

Card 2

Front

increase in the price level caused by an increase in costs of production

Back

Cost push inflation

Card 3

Front

a measure of changes in the price of a representative basket of consumer goods and services.Differs from rpi in methodology and coverage

Back

Preview of the back of card 3

Card 4

Front

unemploymnet arising from lack of AD

Back

Preview of the back of card 4

Card 5

Front

a sustained fall in price level

Back

Preview of the back of card 5
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