ECO 372 Week 1 Economic Definitions Worksheet

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ECO 372 Entire Course Link

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ECO 372 Week 1 Economic Definitions Worksheet

Macroeconomic Terms


Define the following terms in your words.


Term Definition Definition 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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