Supply side policies flashcards
1.0(1)
Studied by 4 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/4
Last updated 5:02 PM on 3/6/23
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
5 Terms
1
New cards
Supply side policy
A policy that aims to increase the total amount of supply in the economy through government spending.
2
New cards
Economic growth
The increase in the real value of goods and services produced as measured by the annual percentage change in real GDP
3
New cards
Opportunity cost
The next best alternative given up when making a choice
4
New cards
Rate of unemployment
The amount of people who are able and willing to work, but cannot currently find an employer.
5
New cards
Inflation
Inflation is a sustained increase in the cost of living or the general price level leading to a fall in the purchasing power of money
