Describe each of the following terms/concepts (150 words each)
1-Resources
2-Scarcity
3-Aggregate demand
4-Aggregate supply curve
5-Developing countries
6-Industrial market countries
7-Consumer price index or CPI
8-Disposable income (DI)
9-Underemployment
10-Unemployment benefits
11-Inflation
12-Deflation
13-Contractionary fiscal policy
14-Discretionary fiscal policy
15-Federal Reserve System
16-Money market mutual fund
17-Balance sheet
18-Federal funds rate
19-International Monetary Fund (IMF)
20-Exchange rate
All applicants go through a series of tests that check their level of English and knowledge of formatting styles. The applicant is also required to present a sample of writing to the Evaluation Department. If you wish to find out more about the procedure, check out the whole process.