economic Flashcards
1
Q
discretionary income
A
a persons income after deducting taxes and fixed payments such as rent/bills
2
Q
economic climate
A
atmosphere surrounding the economy
3
Q
real
A
changes in money excluding distorting effect of changes in prices
4
Q
recession
A
two or more quarters of negative economic growth
5
Q
consumer demand
A
levels of spending by consumers in general
