Trollin' Tom's Economics quiz of amazement and fun! It's good! 2.0 / 5 based on 2 ratings ? EconomicsAll LevelsOther Created by: TomCreated on: 21-09-12 01:11 What is Inflation in economics? A general increase in prices and fall in the purchasing value of money 1 of 5 What is the ideal natural rate of unemployment in Austrlia? 5% 2 of 5 What is an embargo? An official ban on trade or other commercial activity with a particular country 3 of 5 What is free trade? International trade left to its natural course without tariffs, quotas, or other restrictions 4 of 5 What is GDP (Gross domestic product)? The total value of goods produced and services provided in a country during one year 5 of 5
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