Unexpected events which causes changes in demand, output & employment
External Shock
1 of 15
When government spending is greater than tax revenue the country is running at a budget...
Deficit
2 of 15
An economy operating without imports and exports is a ____ economy
Closed
3 of 15
Expectations about the future, including interest rates, income and employment
Confidence
4 of 15
A tax on the profits made by companies
Corporation Tax
5 of 15
Small rises in the general price levels over a long period
Creeping Inflation
6 of 15
Goods domestically produced and sold to other countries
Exports
7 of 15
Goods produced in another country and sold to this country
Imports
8 of 15
Savings, Taxation and Imports are all example of ____ within the economy
Leakages
9 of 15
Investments, Exports and Government spending are all example of of ____ within the economy
Injections
10 of 15
The money used to maintain preexisting public services is known as what kind of expenditure
Current
11 of 15
The money used to create new services, fund new infrastructures and develop new projects is know as what kind of expenditure
Capital
12 of 15
The policy that uses government budget to influence the level of demand in the economy and sets out plans for government expenditure and taxation is known as the ____ policy
Fiscal
13 of 15
This word is represented as an I in macroeconomics and is when money is pent on capital goods to increase productive capacity
Investment
14 of 15
This word is represented by a C and is the total planned spending by all households in the economy on consumer goods and services
Consumption
15 of 15
Other cards in this set
Card 2
Front
When government spending is greater than tax revenue the country is running at a budget...
Back
Deficit
Card 3
Front
An economy operating without imports and exports is a ____ economy
Back
Card 4
Front
Expectations about the future, including interest rates, income and employment
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