The Student Room Group

The Economics Game

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Reply 560
Original post by tooambitious
taxation


You have to start the word with the second last letter, so S.
silent trade: indirect barter amongst technological primitives
Original post by Dreamer1257
silent trade: indirect barter amongst technological primitives


Dividends - profits to shareholders
Reply 563
Supernormal profits - When profits are made on top of total costs
Original post by rm22
Supernormal profits - When profits are made on top of total costs


top-down aid
Investment - spending money in the expectation it will generate future gain
(edited 12 years ago)
Original post by Patriot Rich
Investment - spending money in the expectation it will generate future gain
Network Effect: When a product changes value due to demand.
Reply 567
Original post by Dreamer1257
Network Effect: When a product changes value due to demand.


Consumer Price Index - a common measure of inflation
Reply 568
X = Exports on the AD (C+I+G+X-M)
Original post by franzk
X = Exports on the AD (C+I+G+X-M)
X efficiency-cheap output
Reply 570
Original post by Dreamer1257
X efficiency-cheap output


Tariffs - Tax on imports
Reply 571
Original post by franzk
Tariffs - Tax on imports


Frictional Unemployment - unemployment due to job search times between jobs
Nash Equilibrium
Usury - Excessively high interest rates
Reply 574
Recession - 2 quarters (6 months) of negative growth
Original post by danny111
Frictional Unemployment - unemployment due to job search times between jobs
Trough:employment, prices, and output are at bottom level
Original post by franzk
Recession - 2 quarters (6 months) of negative growth
Oppurtunity Cost: the alternative use with the highest value of resources
Supply - Goods and services being provided by participants in the market
Original post by Patriot Rich
Supply - Goods and services being provided by participants in the market
Liabilities: debts owed by a firm, household, or gov't.
Reply 579
Supply side policies

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