Policy Design and Implementation (Edexcel A-Level Economics A): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Absolute poverty
Absolute poverty
Lacking basic necessities
Relative poverty
Relative poverty
Having less than others in society
Progressive taxation
Progressive taxation
Higher incomes pay greater proportion in tax
Monetary policy tools
Monetary policy tools
Money supply and interest rates
Fiscal policy
Fiscal policy
Gov. spending, taxation, and borrowing decisions
Quantitative easing
Quantitative easing
Expansion of money supply
Transfer pricing
Transfer pricing
TNC manipulates internal prices to minimize global tax
Cyclical deficit
Cyclical deficit
Deficit due to business cycle (recessions)
Structural deficit
Structural deficit
Deficit persisting even when economy at full capacity
UK inflation target rate
UK inflation target rate
2%