Zusammenfassung der Ressource
Frage 1
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Aggregate demand- [blank_start]Total demand[blank_end] for final [blank_start]goods[blank_end] & [blank_start]services[blank_end] in an economy
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Total demand
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goods
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services
Frage 2
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Aggregate supply- [blank_start]Total supply[blank_end] of final [blank_start]goods[blank_end] & [blank_start]services[blank_end] in an economy
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Total supply
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goods
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services
Frage 3
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GDP measures [blank_start]national income[blank_end] of country over [blank_start]year[blank_end]
Frage 4
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Inflation occurs when there is [blank_start]sustained increase[blank_end] in general [blank_start]prices[blank_end] of goods & services
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sustained increase
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prices
Frage 5
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Deflation occurs when there is [blank_start]fall[blank_end] in general [blank_start]price[blank_end] of goods & services
Frage 6
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Real income shows [blank_start]nominal income[blank_end] adjusted for [blank_start]inflation[blank_end] to show
its [blank_start]purchasing power[blank_end]
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nominal income
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inflation
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purchasing power
Frage 7
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Consumer Price Index- [blank_start]Weighted[blank_end] index which measures [blank_start]inflation[blank_end] over given [blank_start]period[blank_end] in UK
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Weighted
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inflation
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period
Frage 8
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Interest rate- [blank_start]Cost[blank_end] of [blank_start]borrowing[blank_end] money & [blank_start]reward[blank_end] for [blank_start]saving[blank_end]
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Cost
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borrowing
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reward
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saving
Frage 9
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Features of money are [blank_start]medium of exchange[blank_end], [blank_start]store of value[blank_end], [blank_start]unit of account[blank_end] & [blank_start]standard of deferred payment[blank_end]