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The Economics Game

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Economic Boom - When real national output is rising at a rate faster than the estimated trend rate of growth.
Reply 601
Avatar for rm22
rm22
8
Oligopoly
Reply 602
Avatar for danny111
danny111
3
Life cycle hypothesis - individuals plan their consumption and savings behaviour over the long term and intend to even out their consumption in the best possible manner over their entire lifetimes
(edited 12 years ago)
Original post by danny111
Life cycle hypothesis


We need the definition! :nooo:
Interest- rate Risk: the effect of unknown bank earning due to changes in interest rates
Reply 605
Avatar for rm22
rm22
8
Supply side policies
Original post by rm22
Supply side policies


education and training
Nominal GDP
Reply 608
Avatar for jazrizq
jazrizq
Double-Dip Recession : an economy falls into another recession after a short-lived recovery.
Original post by jazrizq
Double-Dip Recession : an economy falls into another recession after a short-lived recovery.


output gap
Aggregate Demand.
Original post by arnoob
Aggregate Demand.


nominal values
Reply 612
Avatar for rm22
rm22
8
Expenditure
Real Income - Income adjusted for inflation
Original post by Patriot Rich
Real Income - Income adjusted for inflation


merit goods
Reply 615
Avatar for Taurus
Taurus
12
Demand
Reply 616
Avatar for RP-MRU.
RP-MRU.
8
Original post by Taurus
Demand


Negative externality - a cost that arises as a result of economic activity that does not accrue to those carrying out the activity.
Original post by RP-MRU.
Negative externality - a cost that arises as a result of economic activity that does not accrue to those carrying out the activity.


tariffs
Reply 618
Avatar for jazrizq
jazrizq
Federal Fund Rates - interest rate on overnight loans between banks usually for reserve requirement.
Euro: currency off 11 countries in Europe as of 2001

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