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Macroeconomics
Speed Match Review Game

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cyclical unemployment
gross domestic product
leakages from the circular flow diagram
frictionaly unemployed
budget deficit
monetary policy
fiscal policy
a right shift in the AD curve
circular flow of national income
expansionary monetary policy
fixed assets
aggregate demand
the grey economy
Phillips curve
green GDP
withdrawals from the circular flow
monetarist economists
a right shift
net property income from abroad
crowding out
deflationary gap
structural unemployment
contractionary fiscal policy
economic indicators
seasonal unemployment
A rise in the productive capacity of the economy would be represented on a LRAS curve by
The total of goods and services produced within a country
What sort of gap can arise as a result of a fall in AD
A fall in interest rates would be represented by
To calculate net national product you subtract what element from gross domestic product
That part of the economy that includes unofficial and below the counter transactions
The LRAS curve is vertical according to which school of economics
Government policy aimed at governing the supply of money
Calculated by the sum of consumption, investment, government spending and net exports
When the government reduces AD by a combination of higher taxes and lower spending levels
A curve which shows the relationship between unemployment and average prices is called the
A diagrammatic illustration of a simple economy diagram
A policy which involves the government manipulation of taxes and / or government spending
Unemployment, inflation, GDP and the current account are examples of
When increases in public spending reduce the level of private investment
The difference between GDP and GNI is calculated by subtracting
A collective name for investment, exports and government spending
A worker without the skills required to take up vacant positions in the local area is an example of what type of unemployment
An expansion of the money supply through either reduced interest rates or quantitative easing
A contract worker whose employment contract comes to an end is an example of what type of unemployment
A worker who loses their job because of a downturn in the economy is an example of what type of unemployment
Nominal GDP minus the environmental costs of production equals
When government spending levels are greater than tax receipts
A worker employed for only half the year is an example of what type of unemployment
A collective name for savings, imports and taxation

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DescriptionMatch:
A diagrammatic illustration of a simple economy diagramcircular flow of national income
A collective name for savings, imports and taxationleakages from the circular flow diagram
A collective name for investment, exports and government spendingwithdrawals from the circular flow
The total of goods and services produced within a country gross domestic product
The difference between GDP and GNI is calculated by subtractingnet property income from abroad
To calculate net national product you subtract what element from gross domestic productfixed assets
That part of the economy that includes unofficial and below the counter transactionsthe grey economy
Nominal GDP minus the environmental costs of production equalsgreen GDP
Calculated by the sum of consumption, investment, government spending and net exportsaggregate demand
A fall in interest rates would be represented by a right shift in the AD curve
When government spending levels are greater than tax receiptsbudget deficit
A policy which involves the government manipulation of taxes and / or government spendingfiscal policy
When the government reduces AD by a combination of higher taxes and lower spending levels contractionary fiscal policy
Government policy aimed at governing the supply of moneymonetary policy
An expansion of the money supply through either reduced interest rates or quantitative easing expansionary monetary policy
The LRAS curve is vertical according to which school of economicsmonetarist economists
A rise in the productive capacity of the economy would be represented on a LRAS curve bya right shift
When increases in public spending reduce the level of private investmentcrowding out
What sort of gap can arise as a result of a fall in ADdeflationary gap
Unemployment, inflation, GDP and the current account are examples ofeconomic indicators
A contract worker whose employment contract comes to an end is an example of what type of unemploymentfrictionaly unemployed
A curve which shows the relationship between unemployment and average prices is called thePhillips curve
A worker employed for only half the year is an example of what type of unemployment seasonal unemployment
A worker without the skills required to take up vacant positions in the local area is an example of what type of unemploymentstructural unemployment
A worker who loses their job because of a downturn in the economy is an example of what type of unemploymentcyclical unemployment