ECO 372 Week 1 Economic Definitions Worksheet

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ECO 372 Entire Course Link
https://uopcourses.com/category/eco-372/
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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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