Microeconomics final matching (glossary)

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Author:
fillup
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151902
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Microeconomics final matching (glossary)
Updated:
2012-05-03 10:50:19
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Microeconomics final matching glossary
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Microeconomics final matching glossary
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  1. Variables measured in physical units.
    Real Variables
  2. Variables measured in monetary units
    Nominal Variables
  3. An increase in orverall level of prices from the preceding period
    Inflation
  4. A firm that is the sole seller of a product without close substitutes
    Monopoly
  5. The theoretical separation of nominal and real variables
    Classical Dichotomy
  6. The revenue the government raises by creating money
    Inflation tax
  7. The additional shifts in aggregate demand that result when expansionary fiscal policy increases income and therby increases consumer spending.
    Multiplier effect
  8. Something that induces a person to act
    Incentive

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