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

low inequality

slovakia

high unemployment

south africa

free trade agreement

pacific alliance chile, columbia, mexico, peru

tariff

eu has a 10% tariff on cars

quota

usa has a quota on cars from japan

export subsidy

eu subsidises sugar industry

embargo

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

infant industry

19th century usa steel

sunset industry

video rental stores