1. What is the difference between economic growth and economic development? 2. What is unemployment, and what are the labor market indicators? 3. What is the difference between inflation and deflation? 4. Whatisaggregatedemandandaggregatesupply? 5. Whatiscurrencyappreciationandcurrencydepreciation? 6. What is the flexible exchange rate and fixed exchange rate? 7. What is balance of trade and balance of payment? 8. What is trade surplus, trade deficit, and balanced trade? 9. What is fiscal policy and what is monetary policy? Question 2-In 5 to 10 lines, write about the great depression of the 1930's. Question 2 You just need to carry out research on your own.
1. What is the difference between economic growth and economic development? 2. What is unemployment, and what are the labor market indicators? 3. What is the difference between inflation and deflation? 4. Whatisaggregatedemandandaggregatesupply? 5. Whatiscurrencyappreciationandcurrencydepreciation? 6. What is the flexible exchange rate and fixed exchange rate? 7. What is balance of trade and balance of payment? 8. What is trade surplus, trade deficit, and balanced trade? 9. What is fiscal policy and what is monetary policy? Question 2-In 5 to 10 lines, write about the great depression of the 1930's. Question 2 You just need to carry out research on your own.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:1. What is the difference between economic growth and economic development? 2. What is unemployment, and what
are the labor market indicators? 3. What is the difference between inflation and deflation? 4.
Whatisaggregatedemandandaggregatesupply? 5. Whatiscurrencyappreciationandcurrencydepreciation? 6. What is
the flexible exchange rate and fixed exchange rate? 7. What is balance of trade and balance of payment? 8. What is
trade surplus, trade deficit, and balanced trade? 9. What is fiscal policy and what is monetary policy? Question 2-In 5 to
10 lines, write about the great depression of the 1930's. Question 2 You just need to carry out research on your own.
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