23. The business cycle

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kezdjen tanulni

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kérdés		válasz
downturn kezdjen tanulni		a decline in economic activity
upturn kezdjen tanulni		an increase in economic activity
expectation oczekiwania, wymagania kezdjen tanulni		beliefs about what will happen in the future
consumption kezdjen tanulni		purchasing and using goods and services
gross domestic product kezdjen tanulni		the total value of goods and services produced by a country in a year
balance of payment kezdjen tanulni		is a statement of all transactions made between entities in one country and the rest of the world over a defined period, such as a quarter or a year.
demand kezdjen tanulni		the willingness and ability of consumers to purchase goods and services
supply kezdjen tanulni		the willingness and ability of businesses to offer goods and services for sale
save kezdjen tanulni		to keep money so that you can use it in the future
equilibrium kezdjen tanulni		a state of balance, for example when supply is the same as demand
deficit kezdjen tanulni		an amount of money that is smaller than is needed
surplus nadmiar kezdjen tanulni		an excess: a quantity that is larger than is needed
fiscal policy kezdjen tanulni		government actions concerning taxation and public expenditure działania rządu dotyczące podatków i wydatków publicznych
monetary policy kezdjen tanulni		government or central bank actions concerning the rate of growth of the money in circulation działania rządu lub banku centralnego dotyczące tempa wzrostu pieniądza w obiegu
money supply podaż pieniądza kezdjen tanulni		the total amount of money available in an economy at a particular time
keynesianism kezdjen tanulni		the economic theory that government monetary and fiscal policy should stimulate business activity and increase employment in a recession
business cycle kezdjen tanulni		a period during which a country's economy goes from growth to recession (= a time when business conditions are bad) and back to growth

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