Review of terms and concepts from Unit 6 of AICE Econ AS Level
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | The price of a currency in terms of a different global currency, example, the dollar and the euro.
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| Inflation | show 🗑
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| show | Inflation caused by an excessive increase in the money supply.
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| Cost-Push Inflation | show 🗑
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| Demand Pull Inflation | show 🗑
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| Quantity of Money Theory | show 🗑
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| show | An exceptionally high rate of inflation which results in people losing confidence in money as a medium of exchange.
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| show | A cost of inflation when consumers spend time and money trying to find the best prices.
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| Menu Costs | show 🗑
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| show | Inflation that people expect.
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| Unanticipated Inflation | show 🗑
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| Floating Exchange Rate | show 🗑
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| show | For a given currency, this is calculated using weights that are directly proportional to the other country's shares in trade.
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| show | An increase in the value of a currency as measured by another currency.
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| Depreciation | show 🗑
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| show | An exchange rate guided by the market but with some limited manipulation by the government.
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| show | An exchange rate that is set to remain within an upper and lower limit.
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| show | Economic policy used by the legislature. Primarily concerned with taxes and government spending.
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| show | Lowered taxes and/or increased government spending.
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| show | Raised taxes and/or decreased government spending.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
M.Brock
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