Economic Definitions Worksheet

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Macroeconomic Terms

 

 

Define the following terms in your words.

 

 

TermDefinitionDefinition Source

Gross Domestic Product (GDP)

 

Real GDP

 

Nominal GDP

 

Unemployment rate

 

Inflation rate

 

Fiscal Policy

 

Monetary Policy

 

Aggregate Demand (AD) Curve

 

Macroeconomics

 

Microeconomics

 

Circular Flow Model

 

Supply Curve

 

Demand Curve

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