macroeconomics real life example Flashcards by Sophia Measures

Q

fast economic growth

A

india

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Q

slow/stagnant economic growth

A

haiti

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Q

low unemployment

A

cambodia

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Q

high unemployment

A

south africa

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Q

structural unemployment

A

steel industry in the uk

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Q

cyclical unemployment

A

2008 great recession

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Q

high inflation

A

venezuala

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Q

deflation

A

china

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Q

stable inflation

A

switzerland

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Q

budget surplus

A

iceland

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Q

budget deficit

A

france

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Q

current account surplus

A

germany

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Q

current account deficit

A

usa/uk

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Q

monetary policy

A

uk increasing interest rates to control inflation

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Q

economic boom

A

usa roaring twenties
1920

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Q

recession

A

2008 great recession uk

Q

negative interest rates

A

japan

Q

quantitative easing

A

uk used in 2008 great recession

Q

supply side policies

A

privatisation of british airways

Q

infrastructure projects

A

HS2

Q

weak exchange rate

A

lebanese pound

Q

strong exchange rate

A

omani rial

Q

main exports of the uk

A

gold
crude petroleum
financial services

Q

main imports for the uk

A

pharmaseutical products
motor vehicles

Q

low inequality

A

slovakia

Q

high unemployment

A

south africa

Q

free trade agreement

A

pacific alliance
chile, columbia, mexico, peru

Q

tariff

A

eu has a 10% tariff on cars

Q

quota

A

usa has a quota on cars from japan

Q

export subsidy

A

eu subsidises sugar industry

Q

embargo

A

1960 usa imposed an embargo on cuba for all trade and investment

Q

infant industry

A

19th century usa steel

Q

sunset industry

A

video rental stores