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economic indicators (interest rates (3 effects (household (business…
economic indicators
interest rates
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3 effects
household
access to cheaper finance will result in more borrowing and more spending. those with existing loans will have more disposable income
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economic growth
def:economic growth occurs when there is an increase in the amount of goods and services produced in an economy from one year to the next
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employment rates
labour force
refers to all those people of working age(16-63)who are willing and able to fill employment refers to a situation where almost all members of the labour force are employed
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