Keynesianism and Monetarism │ Important Vocabulary │ BBA Notes │ Business Communication │ 3rd Semester │ TU

Keynesianism and Monetarism



Important Vocabulary


  • Supply: The willingness and ability to offer goods or services for sale
  • Demand: The willingness and ability of consumers to purchase goods and services
  • Market forces: Supply and demand
  • Equilibrium: A state of balance, for example when supply meets demand
  • Fiscal policy: Government measures concerning taxation, public expenditure, and so on
  • Monetary supply: Government or central bank measures concerning the rate of growth of the money supply (the amount of money in circulation)




Matching up the Words Into Pairs That Mean the Same


  • flexible - variable
  • error - mistake
  • companies - firms
  • costs - expenses
  • excess - surplus
  • output - production
  • expenditure - spending
  • boost - stimulate
  • increase - raise
  • lower - reduce


Matching up the Words Into Pairs of Opposites


  • contraction - growth
  • boom - depression
  • flexible - rigid
  • buoyant - sluggish
  • cut - stimulate
  • deflate - increase
  • demand - supply
  • consuming - saving


-- 𓐴𓐴𓐴 --



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Extracted From:

MacKenzie, I. (2002). English for Business Studies: A course for Business Studies and Economics students (Second). Cambridge University Press.



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