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WH Economics (Macro) > 2.4.3 Equilibrium Levels Of Real National Output > Flashcards

2.4.3 Equilibrium Levels Of Real National Output Flashcards

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WH Economics (Macro) (50 decks)

Economics Definitions

2.1.1 Economic Growth

2.1.2 inflation

2.1.3 (a-c) Unemployment

2.1.3 Unemployment (d-f)

2.1.4 Balance of Payments

2.2.1 The characteristics of Aggregate Demand

2.2.2 Consumption (C)

2.2.3 Investment (I)

2.2.4 Government Expenditure (G)

2.2.5 Net Trade

2.3.1 Characteristics of AS

2.3.2 Short Run AS

2.3.3 Long Run AS

2.4.1 National Income

2.4.2 Injections and Withdrawals

2.4.3 Equilibrium Levels Of Real National Output

2.4.4 The Multiplier

2.5.1 Causes of Growth

2.5.2 Output gaps

2.5.3 Trade (business) Cycle

2.5.4 The Impact Of Economic Growth

2.6.1 Possible Macroeconomic objectives

2.6.2 Fiscal policy

2.6.2 Monetary policy

2.6.3 Supply Side Policies

2.6.4 Conflicts and tradeoffs between objectives

Theme 2 Application

4.1.1 Globalisation

4.1.2, 4.1.3, 4.1.4 - International Trade: Specialisation, Patterns, and Terms of Trade

4.1.5 Trade Blocs / WTO

4.1.6 Restrictions on Free Trade

4.1.7 Balance Of Payments

4.1.8 Exchange Rates

4.1.9 International competitiveness

4.2.1 Absoloute and Relative Poverty

4.2.2 Inequality

4.3.1 Measures Of Development

4.3.2 Factors influencing growth and development

4.3.3 Strategies influencing growth and development (a-c)

4.3.3 Strategies influencing growth and development (d)

4.4.1 Role of financial markets

4.4.2 Market failure in the financial sector

4.4.3 Role of central banks

4.5.1 Public expenditure

4.5.3 Public sector finances

4.5.4 Macroeconomic policies in a global context

Theme 4 Application

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