More cards in this set

Card 6

Front

In the long-run, it is assumed that the prices of factors of production are variable but that the productive capacity of an economy is

Back

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Card 7

Front

When is an economy in an equilibrium?

Back

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Card 8

Front

Is it correct to state that Fiscal Policy affects aggregate demand?

Back

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Card 9

Front

Supply Side Policies are designed to _______ the average rate of growth of the economy.

Back

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Card 10

Front

Governments can influence the economy through the use of _____ policy

Back

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Card 11

Front

What is the value of currency in a floating exchange rate system determined by?

Back

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Card 12

Front

A rise in the value of a currency is likely to reduce exports and ______ imports

Back

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