Definitions Flashcards
1
Q
absolute poverty
A
2
Q
administrative barriers
A
Trade protection measures taking the form of
administrative procedures that countries may use to prevent the free flow of imports into a country
3
Q
actual output
A
the quantity of output actually produced by an economy
4
Q
aggregate demand
A
the total demand of goods and services in an economy over a period of time
5
Q
aggregate demand curve
A
6
Q
balance on financial account
A
7
Q
balanced budget
A
8
Q
bilateral trade aggreement
A
9
Q
budget deficit
A
10
Q
business confidence
A
11
Q
business cycle
A
12
Q
competition
A
13
Q
composite indicator
A
14
Q
consumer confidence
A
15
Q
consumer price index
A
16
Q
deflation
A
17
Q
deflationary/recessionary gap
A
18
Q
demand
A
19
Q
cyclical unemployment
A
20
Q
demand-pull inflation
A
21
Q
demerit goods
A
22
Q
depreciation
A
23
Q
elasticity
A
24
Q
equilibrium
A
25
Q
equity
A
26
Q
fixed exchange rate
A
27
Q
foreign aid
A
