Ryan King
- Created by: rebeccalittle
- Created on: 17-05-18 14:16
Other questions in this quiz
2. Elasticity is
- when the price of goods go up and demand goes down
- when the price of goods down and demand goes up
3. aggregate demand
- is consumption plus investments, plus government spending, plus exports and imports
- is excluding consumption and investments
- government spending, plus exports and imports
4. fiscal policy is
- is the use of government revenue collection and expenditure to influence the economy
- is not the use of government revenue collection and expenditure to influence the economy
- government spending, plus exports and imports
5. externality is
- something that happens outside public spending
- a consequence of an industrial or commercial activity, which affects others parties without this being reflected in market prices
- something that happens outside the government
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