IB Economic for the Unit mentioned above
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | Occurs when real output (real GDP) increases through time and is a result of greater or better use of existing resources. In the PPC model it can be illustrated by a movement from a point inside a PPC to another point in the northeast direction.
🗑
|
||||
| Consumer price index (CPI) | show 🗑
|
||||
| Cost-push inflation | show 🗑
|
||||
| show | A grade assigned by certain agencies (such as Moody’s or Standard and Poor’s) on the borrowing risks a prospective issuer of debt (for example, of a bond) presents to lenders.
🗑
|
||||
| Cyclical (demand-deficient) unemployment | show 🗑
|
||||
| Debt servicing | show 🗑
|
||||
| Deflation | show 🗑
|
||||
| Deflationary/recessionary gap | show 🗑
|
||||
| show | Inflation that is caused by increases in aggregate demand.
🗑
|
||||
| Disinflation | show 🗑
|
||||
| Economic growth | show 🗑
|
||||
| show | Unemployment of individuals who are in-between jobs, as people quit to find a better job or to move to a different location.
🗑
|
||||
| show | Full employment exists when the economy is producing at its potential level of real output and thus there is only natural unemployment . when the economy is producing on the PPC.
🗑
|
||||
| Full employment level of output | show 🗑
|
||||
| Government (national) debt | show 🗑
|
||||
| Gross domestic product (GDP) | show 🗑
|
||||
| show | A sustained increase in the average level of prices.
🗑
|
||||
| Inflationary gap | show 🗑
|
||||
| Inflation rate | show 🗑
|
||||
| show | The labour market is considered flexible if it can adjust fast and fully to changes in labour demand and labour supply conditions.
🗑
|
||||
| Long-run aggregate supply (LRAS) | show 🗑
|
||||
| show | A curve showing the monetarist view that there is no trade-off between inflation and unemployment in the long run and that there exists a natural rate of unemployment at the level of potential output.
🗑
|
||||
| show | Refers to average growth over long periods of time shown in the business cycle diagram as the line that runs through short-term fluctuations, indicating changes in potential output
🗑
|
||||
| Natural rate of unemployment | show 🗑
|
||||
| Phillips curve | show 🗑
|
||||
| Potential output | show 🗑
|
||||
| show | A price index that removes the impact of changes in the price level when measuring nominal economic variables.
🗑
|
||||
| show | The total value of all final goods and services produced in an economy in a given time period, usually one year, adjusted for inflation.
🗑
|
||||
| show | Occurs when real GDP falls for at least two consecutive quarters.
🗑
|
||||
| Seasonal unemployment | show 🗑
|
||||
| show | A curve showing the inverse relationship between the rate of unemployment and the rate of inflation, which suggests a trade-off between inflation and unemployment.
🗑
|
||||
| Short-term fluctuations of economic activity | show 🗑
|
||||
| Structural unemployment | show 🗑
|
||||
| show | When a person (who is above a specified age and is available to work) is actively looking for work, but is without a job.
🗑
|
||||
| show | The number of unemployed workers expressed as a percentage of the total workforce.
🗑
|
||||
| Wage | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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
Normal Size Small Size show me how
Created by:
Ms Michelle
Popular Economics sets