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14 cards from this deck
Level of demand & spending in an economy at any time
Total value of goods & services produced in a country
Consumers, government, businesses, overseas
Improved sales & reduced risk
Declining sales & increased risk
Increases demand (borrowing cheaper, saving less appealing)
Reduces demand (borrowing costlier, saving more attractive)
UK goods cheaper for foreigners, increases overseas demand
Reduces demand (less disposable income)
Increases demand (more disposable income)
Period of high demand & economic activity
Period of low economic activity & demand
Incomes rise, unemployment falls, inflation may increase
Incomes fall, unemployment rises, inflation may decrease
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