Student’s name: Assem Kabdenova

Term	Definition	Example
1.Inflation (noun)	a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (opposed to deflation).	Better data wouldn't cure education inflation, but it would be a good start.
2. Influence (noun)	the action or process of producing effects on the actions, behavior, opinions, etc., of another or others	The economic influence of the world's rising power grows by the day.
3. Costs (noun)	an outlay or expenditure of money, time, labor, trouble, etc.	The price of an illegal substance is determined more by the cost of distribution than of production.
4. Paycheck (noun)	a bank check given as salary or wages.	Holding me back were my lack of savings and my fear of sacrificing a regular paycheck.
5. Low-income (adj.)	pertaining to those with a relatively small income.	So, not only are low-income households making real money, but also their income is going further every year.
6. Experience (noun)	the process or fact of personally observing, encountering, or undergoing something: business experience.	Tell us a little about your own experience in running a café.
7. Consumer Price Index (noun)	an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period. Abbreviation: CPI	The inflation controversy swirls around the consumer price index, the government's main gauge of inflation.
8. Federal Reserve System (noun)	the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies;	The Federal Reserve System seeks to control the United States economy by raising and lowering short-term interest rates and the money supply
9. Eliminate (verb)	to remove from further consideration or competition	They eliminate meaningful economic research in them company.
10. Hyperinflation (noun)	extreme or excessive inflation.	Yet some economists and investors insist high inflation, even hyperinflation, is lurking in the wings.
11. Stagflation (noun)	a situation in which inflation is combined with stagnant or falling output and employment	In 2011 in Asia countries there was an increase of stagflation
12. OPEC (noun)	an organization founded in 1960 of nations that export large amounts of petroleum: formed to establish oil-exporting policies and set prices.	Organization of Petroleum-Exporting Countries formed in 1961
13. Deflation (noun)	a fall in the general price level or a contraction of credit and available money	For consumers, deflation is a delight: money grows more valuable as it rests in the purse or pocket-book.
14. Purchase (noun)	to acquire by the payment of money or its equivalent	But from a deeper perspective, limiting purchases has far-reaching benefits
15.Monetary Policy	An attempt to achieve broad economic goals by the regulation of the supply of money.	The inflation rate over the longer run is primarily determined by monetary policy.
16. Price index (noun)	an index of the changes in the prices of goods and services, based on the prices of the same goods and services at a period arbitrarily selected as a base, usually expressed as 100.	So it is particularly instructive to look this week at our own commodity price index
17. Consumtion (noun)	the using up of goods and services having an exchangeable value.	The fact is that living in an expensive city is a consumption choice.
18. Expenditure (noun)	the act of expending something, especially funds; disbursement; consumption.	Such rapidly rising expenditure would surely have come under sharper scrutiny even without the prompting of an economic crisis.
19. Employment (noun)	the total number of people gainfully employed or working.	The recession probably ended months ago but employment has not yet started to recover.
20. Slump (noun)	to decrease or fall suddenly and markedly, as prices or the market.	While there has been a big slump recently in the retail price of sugar, the price at refineries has not dropped.

References:

1. Inflation, Retrieved April 3, 2013, from

http://dictionary.reference.com/browse/Inflation?s=t

2.Duopoly, Retrieved Feb 5, 2013, from

http://wiki.answers.com/Q/duopoly_market

3. Establishment of an equilibrium,Retrieved Feb 5, 2013, from

http://www.investopedia.com/terms/e/economic-equilibrium.asp#axzz2IWxPaLT3

4. Competitive society, Retrieved Feb 5, 2013, from http://www.wordreference.com/definition/competitive%20society

5. Balance of trade, Retrieved Feb 5, 2013, from

http://en.wikipedia.org/wiki/Balance_of_trade

6. Сompatibility, Retrieved Feb 6, 2013, from

http://oxforddictionaries.com/definition/english/compatibility?q=Compatibility

7. Constancy, Retrieved Feb 6, 2013, from

http://rajivsethi.blogspot.com/2010/07/constansy.html

8. Constancy of data, Retrieved Feb 6, 2013, from

http://en.wikipedia.org/wiki/constancy_of_data

9. Movement towards equilibrium, Retrieved Feb 6, 2013, from

http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=movement+towards+equilibrium

10. Tendency towards equilibrium, Retrieved Feb 6, from

http://economicsonline.co.uk/Business_economics/ tendency towards equilibrium.html

11. Establishment of an equilibrium, Retrieved Feb 7, 2013, from

http://www.investopedia.com/terms/e/economic-equilibrium.asp#axzz2IWxPaLT3

12. Proceed at a constant rate, Retrieved Feb 7, 2013, from

http://legal-dictionary.thefreedictionary.com

13. Processes of successive changes, Retrieved Feb 7, 2013, from

http://legal-dictionary.thefreedictionary.com

14. Change decisions, Retrieved Feb 7, 2013, from

http://rajivsethi.blogspot.com/2010/07/equilibrium-analysis.html

15. Equalize, Retrieved Feb 7, 2013, from

http://rajivsethi.blogspot.com/2010/07/equalize.html

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