Examlex
Other things the same,a country could move from having a trade surplus to having a trade deficit if either
Full Employment GDP
The output level of an economy when all available resources are employed efficiently, corresponding to a situation with no cyclical unemployment.
Classical Range
In economics, refers to the level of output where all resources are fully employed, and prices are flexible, historically associated with the Classical theory of economics.
Savings
Money that is set aside from disposable income or after personal expenses have been covered, often put into a deposit or an investment for future use.
Wealth Effect
The change in spending and consumption patterns caused by changes in perceived wealth.
Q4: If a country has a positive net
Q33: Refer to Table 31-2. In real terms,
Q95: Last year a country purchased $1.5 trillion
Q104: A basket of goods costs $800 in
Q196: A U.S. retailer buys shoes from an
Q241: As the price level falls, the value
Q254: Other things the same, as the real
Q375: If domestic residents of France purchase 1.2
Q434: If the Fed conducts open market sales,
Q476: If the U.S. has exports of $1.5