Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
macroeconomic policies
|
government actions designed to affect the performance of the economy as a whole
|
|
|
average labor productivity
|
output per employed worker
|
|
|
positive analysis
|
addresses the economic consequences of a particular event or policy, not whether those consequences are desirable
|
|
|
normative analysis
|
addresses the question of whether a policy should be used; normative analysis inevitably involves the value of the person doing the analysis
|
|
|
monetary policy
|
determination of the nation's money supply
|
|
|
fiscal policy
|
decisions that determine the government's budget, including the amount and composition of government expenditures and government revenues
|
|
|
structural policy
|
government policies aimed at changing the underlying structure, or institutions, of the nation's economy
|
|
|
aggregation
|
the adding up of individual economic variables to obtain economywide totals
|
