Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

AICE Econ AS Unit 6

Review of terms and concepts from Unit 6 of AICE Econ AS Level

TermDefinition
Foreign Exchange Rate The price of a currency in terms of a different global currency, example, the dollar and the euro.
Inflation Can be looked at as either an increse in prices or the decrease in the purchasing power of money.
Monetary Inflation Inflation caused by an excessive increase in the money supply.
Cost-Push Inflation Inflation caused by an increase in the price of intermediate goods or wages.
Demand Pull Inflation Inflation caused by an increase in aggregate demand that is not accompanies with an increase in the supply of goods/services.
Quantity of Money Theory A theory that links inflation in the economy to changes in the money supply.
Hyperinflation An exceptionally high rate of inflation which results in people losing confidence in money as a medium of exchange.
Shoe Leather Costs A cost of inflation when consumers spend time and money trying to find the best prices.
Menu Costs Additional costs incurred by a business as a consequence of inflation.
Anticipated Inflation Inflation that people expect.
Unanticipated Inflation Inflation that people do not expect.
Floating Exchange Rate An exchange rate that is determined by the market forces of supply and demand.
Trade Weighted Exchange Rate For a given currency, this is calculated using weights that are directly proportional to the other country's shares in trade.
Appreciation An increase in the value of a currency as measured by another currency.
Depreciation A decrease in the value of a currency as measured by another currency.
Managed Float Exchange Rate An exchange rate guided by the market but with some limited manipulation by the government.
Pegged Exchange Rate System An exchange rate that is set to remain within an upper and lower limit.
Fiscal Policy Economic policy used by the legislature. Primarily concerned with taxes and government spending.
Expansionary Fiscal Policy Lowered taxes and/or increased government spending.
Contractionary Fiscal Policy Raised taxes and/or decreased government spending.
Created by: M.Brock
Popular Economics sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards