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Macroeconomics II
Speed Match Review Game

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marginal propensity to consume
cost push inflation
expansionary fiscal policy
disinflation
output method
laffer curve
multiplier
to compare living standards between nations
human development index
gini coefficient
deflationary gap
an injection
environmental degradation
net exports
real GDP growth
classical unemployment
expansionary monetary policy
supply side policy
long run Phillips curve
deflation
fiscal policy
progressive taxation
GDP per capita
a left shift in the AD curve
two sector model
The level of national income growth in an economy minus the change in average price levels
The manipulation of taxation and government spending is an example of
Income inequality is measured by the
When a government imposes a minimum wage on businesses it can result in what type of unemployment
A fall in AD levels can result in what type of gap in the economy
When average prices are actively falling in the economy
A circular flow diagram with no international trade or government intervention
A rise in average prices as a result of rising production costs is called
The proportion of an individuals additional income that he / she chooses to consume
A vertical straight line on the Phillips curve can be called the
A rise in taxation level would be represented on an AD curve by
Calculated by GDP / the number of people in the country
A rise in government spending levels would be an example of which type of policy
The level of economic development within an economy is measured by the
Exports into the circular flow are an example of
One of the negative consequences of rapid economic growth in a country
When the rate of inflation falls
A graph which shows the relationship between income tax levels and the amount of tax revenue collected
The value of exports minus imports (X-M) can be called
A tax which places a higher burden on high income households
A reason that governments measure national income
A deregulation of the labour market and a reduction in unemployment benefits are examples of what type of economic policy
GDP or national income can be calculated by the income method, expenditure method and the
Calculated by the formular 1 / (1 - MPC)
A rise in quantitative easing is an example of

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DescriptionMatch:
GDP or national income can be calculated by the income method, expenditure method and theoutput method
A circular flow diagram with no international trade or government interventiontwo sector model
Exports into the circular flow are an example of an injection
Calculated by GDP / the number of people in the countryGDP per capita
The level of national income growth in an economy minus the change in average price levels real GDP growth
The level of economic development within an economy is measured by the human development index
One of the negative consequences of rapid economic growth in a countryenvironmental degradation
A reason that governments measure national incometo compare living standards between nations
The value of exports minus imports (X-M) can be callednet exports
A rise in taxation level would be represented on an AD curve bya left shift in the AD curve
A rise in government spending levels would be an example of which type of policyexpansionary fiscal policy
A rise in quantitative easing is an example ofexpansionary monetary policy
The manipulation of taxation and government spending is an example offiscal policy
A rise in average prices as a result of rising production costs is calledcost push inflation
When the rate of inflation falls disinflation
When average prices are actively falling in the economydeflation
A vertical straight line on the Phillips curve can be called the long run Phillips curve
A fall in AD levels can result in what type of gap in the economydeflationary gap
Calculated by the formular 1 / (1 - MPC)multiplier
The proportion of an individuals additional income that he / she chooses to consumemarginal propensity to consume
A deregulation of the labour market and a reduction in unemployment benefits are examples of what type of economic policysupply side policy
When a government imposes a minimum wage on businesses it can result in what type of unemploymentclassical unemployment
Income inequality is measured by the gini coefficient
A graph which shows the relationship between income tax levels and the amount of tax revenue collected laffer curve
A tax which places a higher burden on high income householdsprogressive taxation