Review Note
Last Update: 03/04/2024 03:58 AM
Current Deck: Economics::Unit 1
Published
Fields:
Front
What occurs in a boom?
Back
- Expenditure, output, income, employment, each maximum point as economic activity peaks;
- Shortage of labour and other resources occurs;
- Leads to inflation
- Government may use policies (rising interest rates and surplus budget) to slow down economic activity.
Suggested Changes:
Deck Changes (Suggestion to move the Note to the following Deck):
Field Changes:
Tag Changes: