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ECO 372 Week 1 Economic Definitions Worksheet

Complete the Macroeconomic Terms Worksheet.

Click the Assignment Files tab to submit your assignment.


University of Phoenix Material                      


Macroeconomic Terms



Define the following terms in your words.





Definition Source

Gross Domestic Product (GDP)




Real GDP




Nominal GDP




Unemployment rate




Inflation rate




Fiscal Policy




Monetary Policy




Aggregate Demand (AD) Curve












Circular Flow Model




Supply Curve




Demand Curve







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