2.5 External Influences Flashcards
1
Q
What’s GDP?
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2
Q
The business cycle- explain a boom?
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3
Q
The business cycle- explain a recession?
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4
Q
The business cycle- explain a slump?
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5
Q
The business cycle- explain a recovery?
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6
Q
Define exchange rate?
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7
Q
Explain decision making in relation to exchange rates?
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8
Q
What may importers do in relation to exchange rates?
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9
Q
What may exporters do in relation to exchange rates?
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10
Q
Define inflation?
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11
Q
What’s the impacts of high inflation?
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12
Q
What’s the impacts of low inflation?
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13
Q
What’s the impacts of deflation?
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14
Q
What does the government use policies for?
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15
Q
What are interest rates?
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