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10 cards from this deck
Economic growth, full employment, price stability, bal. of payments
Real GDP adjusts for inflation; nominal uses current prices
Six months or more of negative economic growth (declining real GDP)
Unemployment falls to 3% of the labour force
Labour Force Survey (LFS)
General rise in average prices across the economy
Deflation: prices fall; disinflation: inflation rate falls (still +)
2% annual inflation rate
Official UK inflation measure; basket of 700 consumer goods/services
Money value of imports exceeds money value of exports
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