macro set 7

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  • Created by: inayah
  • Created on: 18-05-14 16:18
Real diposable income
income after taxes have been deductedand state benefits have been added and the result has been adjusted to take account in changes in line with the price level
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Real GDP
the countries output measured in constant prices and so adjusted for inflation
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real interest rate
the nominal interest rate minus the inflation rate
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Recession
a fall in real gdp over a period of 6 months or more
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Reflationary
a policy measures designed to increase aggregate demand
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Regressive tax
a tax that takes a > % from the income of the poor
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Retained profit
profit kept by firms to to finance investment
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RPI
a measure of inflation that is used for adjusting pension and other benefits to take count changes in inflation and frequently used in wage negotiations. Differs from the CP in methodology and coverage
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Savings
real disposable income minus saving
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Savings ratio
saving as a proportion of disposable income
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Shoe leather cost
costs in terms of the extra time and effort involved in reducing money holdings
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Structural unemployment
unemployment caused by the decline in certain industries and occupations due to changes in demand and supply
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Other cards in this set

Card 2

Front

the countries output measured in constant prices and so adjusted for inflation

Back

Real GDP

Card 3

Front

the nominal interest rate minus the inflation rate

Back

Preview of the back of card 3

Card 4

Front

a fall in real gdp over a period of 6 months or more

Back

Preview of the back of card 4

Card 5

Front

a policy measures designed to increase aggregate demand

Back

Preview of the back of card 5
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