Macroeconomics 2025th edition 2025
MACROECONOMICS
QUESTIONS AND ANSWERS 2025TH EDITION
100% CORRECT AND APPROVED
pg. 1
MACROECONOMICS
QUESTIONS AND ANSWERS 2025TH EDITION
100% CORRECT AND APPROVED
pg. 1
Exam (elaborations)
1. Macroeconomics - Study of the economy as a whole.
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1. Macroeconomics - Study of the economy as a whole. 2. Inflation - Rise in general level of prices. 3. Deflation - Sustained fall in the general price level. 4. Stagflation - High unemployment and high inflation ta once 5. Gross domestic product (GDP) - The dollar value of all final goods and services produced within the country's borders in a given year 6. National deficit - The difference between the amount a government brings in through taxes and sends out through spending 7. Economic growth - when a nation's total output of goods and services increases over time
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