Key terms and concepts for Unit 4 Topic 2, as identified in the Queensland Economics
senior syllabus 2025.
Leading, lagging, and coincident indicators.
Note that other key terms and concepts are listed within the subject matter provided in the Economics syllabus.
Real economic growth, inflation, the rate of unemployment, and the participation rate; trade-offs; conflicting objectives; intertemporal relationship; the short- and long-run Phillips curve; federal budget outcomes; cyclical and structural causes and effects of expansionary and contractionary fiscal policy stances.
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The
Economist. A-Z
of economic terms Link Reserve Bank of Australia. Glossary Link Government of South Australia. Glossary Link |
Queensland Curriculum and Assessment Authority. Cognitive verb framework Link Reserve Bank of Australia. Reading and interpreting charts Video Link and LinkTutor2u Chains of reasoning Link |
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