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HAss > Economics > Flashcards

Economics Flashcards

1
Q

Monetary policy?

A

RBA levers

Interest rates + taxes

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2
Q

Inflation Meaning?

A

The overall rise of a price of a good overtime

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3
Q

Frictional Unemployment?

A

The unemployment between jobs

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4
Q

Cyclical Unemployment?

A

Confidence in the economy when the consumers are pessimistic.

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5
Q

Structural Unemployment?

A

Unemployment due to technology Changes

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6
Q

Demand pull?

A

Sudden demand on something causing inflation… more demand then supply

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7
Q

Cost push?

A

Increase in input cost meaning businesses charge you more

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HAss (5 decks)

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