macro set 8

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  • Created by: inayah
  • Created on: 18-05-14 16:29
Supply side policies
policies designed to increase AS by improving the efficiency of labour and product markets
1 of 12
Sustainable economic growth
economic growth that can continue over time and does not endanger future generations ability to expand productive capacity
2 of 12
Target savers
people who save with a target figure in mind
3 of 12
Tariff
a tax on imports
4 of 12
Trade deficit
the value of imports exceeding the value of exports
5 of 12
Trade surplus
the value of exports exceeding the value of imports
6 of 12
Trend growth
the expected increase in potential output over time. It is a measure of how fast the economy can grow without generating inflation
7 of 12
Unemployment
a situation where people are out of work but are willing and able to work
8 of 12
Unemployment rate
the % of the labour force who are out of work
9 of 12
ver
a limit placed on the imports from a country with the agreement of that countries government
10 of 12
wealth
a stock of assets , money held in a savings account
11 of 12
WTO
an international organisation that promotes free international trade and rules on international trade disputes
12 of 12

Other cards in this set

Card 2

Front

economic growth that can continue over time and does not endanger future generations ability to expand productive capacity

Back

Sustainable economic growth

Card 3

Front

people who save with a target figure in mind

Back

Preview of the back of card 3

Card 4

Front

a tax on imports

Back

Preview of the back of card 4

Card 5

Front

the value of imports exceeding the value of exports

Back

Preview of the back of card 5
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