the nominal interest rates minus the inflation rate.
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Type: Glossary
when output is falling; the period of contraction in the economy.
Grade 12
Type: Study Card
Regarding macroeconomic growth and stability, what are merit goods?
Type: Glossary
the situation where incomes of a group of people are not as high as the community or country in...
Type: Glossary
the price of one good or service in terms of another; expressed as a ratio of two prices; the...
Type: Glossary
resources that grow and follow an annual pattern of development.
Type: Glossary
those energy sources that are not used up but are replenished in a cycle: wind; solar; water;...
Type: Glossary
the reward or payment earned for the use of the natural resources (land)
Type: Glossary
improving the welfare of someone at the expense of the welfare of others.