Highers Accounting and Finance (Year 2) (Managerial Economics) Quiz sobre Lecture 8- Introduction to Macroeconomics, criado por George Mariyajohnson em 03-03-2021.
Aggregate demand- [blank_start]Total demand[blank_end] for final [blank_start]goods[blank_end] & [blank_start]services[blank_end] in an economy
Responda
Total demand
goods
services
Questão 2
Questão
Aggregate supply- [blank_start]Total supply[blank_end] of final [blank_start]goods[blank_end] & [blank_start]services[blank_end] in an economy
Responda
Total supply
goods
services
Questão 3
Questão
GDP measures [blank_start]national income[blank_end] of country over [blank_start]year[blank_end]
Responda
national income
year
Questão 4
Questão
Inflation occurs when there is [blank_start]sustained increase[blank_end] in general [blank_start]prices[blank_end] of goods & services
Responda
sustained increase
prices
Questão 5
Questão
Deflation occurs when there is [blank_start]fall[blank_end] in general [blank_start]price[blank_end] of goods & services
Responda
fall
price
Questão 6
Questão
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]
Responda
nominal income
inflation
purchasing power
Questão 7
Questão
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
Responda
Weighted
inflation
period
Questão 8
Questão
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]
Responda
Cost
borrowing
reward
saving
Questão 9
Questão
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]
Responda
medium of exchange
store of value
unit of account
standard of deferred payment
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