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The Economics Game

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    There's no need to start a new thread: please start your word with the second-last letter of the above post.

    I'm sure it'll catch on.
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    (Original post by ArsLongaVitaBrevis)
    Share - A security giving the holder partial ownership of a company.
    Recession - a fall in real GDP over two consecutive quarters.
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    (Original post by ArsLongaVitaBrevis)
    Share - A security giving the holder partial ownership of a company.
    Equity-efficiency trade-off - where a choice is made sacrificing one for the benefit of the other
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    (Original post by tateco)
    Xylophone?
    Electric Guitar
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    (Original post by Groat)
    Recession - a fall in real GDP over two consecutive quarters.
    Opportunity cost - the "next best thing, e.g could have used labour instead of capital".
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    (Original post by tehforum)
    Opportunity cost - the "next best thing, e.g could have used labour instead of capital".
    Surplus - an excess of supply over demand.
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    (Original post by tehforum)
    Opportunity cost - the "next best thing, e.g could have used labour instead of capital".
    Transnational corporation - A firm which operates in more than one country
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    Supply side policy - A Policy that effects AS first.

    I should start quoting :l
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    (Original post by Groat)
    Recession - a fall in real GDP over two consecutive quarters.
    Output gap - the difference between potential output and actual output

    REMEMBER EVERYONE, SECOND LAST LETTER
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    (Original post by hemant1)
    Supply side policy - A Policy that effects AS first.
    Capital - resources e.g machinery.
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    (Original post by hemant1)
    Supply side policy - A Policy that effects AS first.
    Complements - goods for which there is joint demand.
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    (Original post by Nextmove)
    Transnational corporation - A firm which operates in more than one country
    Advolerum tax - A percentage tax
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    (Original post by hemant1)
    Supply side policy - A Policy that effects AS first.

    I should start quoting :l
    Consumption - spending on goods and services by households in an economy

    Remember it's second last letter now....
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    We are now looking at the second to last letter instead of the very last.

    The rules have been changed.
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    (Original post by tateco)
    Consumption - spending on goods and services by households in an economy

    Remember it's second last letter now....
    Output
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    This is all over the place; we're too fast.
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    (Original post by MrEboueEmmanuel)
    Output
    Unemployment - those actively seeking work but who cannot find a job
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    (Original post by tehforum)
    This is all over the place; we're too fast.
    I don't think it really matters, it will settle down soon though. We economics students are just machines
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    Utility
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    (Original post by tehforum)
    This is all over the place; we're too fast.
    Just pick the last one on your screen and reply to it. I think most people here are just playing to refresh their memory on definitions

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