ECO372 Macroeconomic Terms

 ECO372 Macroeconomic Terms

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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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