macro set 8 0.0 / 5 ? EconomicsGlobalisation and tradeASOCR Created by: inayahCreated 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
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