enFI24
Real GDP: nominal GDP/ GDP deflator
Keynesian Spending Multiplier: 1/ 1- MPC
Inflation rate: (formula)
Demand Pull Inflation: price increase when consumption, investment, government spending or net export increase
PPC model: (picture)
Recovery: GDP starts to increase, economy is getting better
Disinflation: a decrease in the inflation rate
Brain Drain: Skilled workers may choose to leave a country with high unemployment,
Structural: Unemployment happen when the economic structure of a nation change
Deflation: decrease of price
Fiscal Policy: manipulation on tax and government spending in order to decrease or increase Aggregate demand
Tax: Government income
Time lags: when the government is late to realize about their economic condition, so their solution will be late too.
Central Bank: bank which manage monetary policy
bond: a certificate sold by government in monetary policy
Indirect tax: a tax which we pay through media such as restaurant
Unemployment: actively seeking for work but unable to find work
Frictional: type of unemployment which usually happen to fresh graduate
seasonal: a type of unemployment which usually happen to farmers in regards to season
business cycle: a graph which consist of short term and long term
Economic growth: (formula)
Externalities: nation's output which lead to decrease in environmental and physical health
Equity: fairness in economy
relative: poverty which determine that a person poor in a rich country
Proportional Tax: a tax which remains constant as income increase
(formula)
(formula)
(picture)
a certificate sold by government in monetary policy
a decrease in the inflation rate
a graph which consist of short term and long term
a tax which remains constant as income increase
a tax which we pay through media such as restaurant
a type of unemployment which usually happen to farmers in regards to season
actively seeking for work but unable to find work
bank which manage monetary policy
decrease of price
fairness in economy
GDP starts to increase, economy is getting better
Government income
manipulation on tax and government spending in order to decrease or increase Aggregate demand
nation's output which lead to decrease in environmental and physical health
nominal GDP/ GDP deflator
poverty which determine that a person poor in a rich country
price increase when consumption, investment, government spending or net export increase
Skilled workers may choose to leave a country with high unemployment,
type of unemployment which usually happen to fresh graduate
Unemployment happen when the economic structure of a nation change
when the government is late to realize about their economic condition, so their solution will be late too.