LRAS & AD Diagram (MUST KNOW) Flashcards
1
Q
LRAS & AD Diagram
A
Y-Axis = Inflation
X-Axis = Real National Output (Y Annotation)
2
Q
SRAS Diagram
A
Economics - Theme 4 (21 decks)
- Globalisation 4.1
- Specialisation and trade 4.1
- Pattern of Trade 4.1
- Terms of Trade 4.1
- Trading Blocs and the World Trade Organisation (WTO) 4.1
- Restrictions on free trade 4.1
- Balance of payments 4.1
- Exchange Rates 4.1
- International competitiveness 4.1
- Absolute & Relative Poverty 4.2
- Inequality 4.2
- Measures of Human Development 4.3
- Factors influencing growth and development 4.3
- Strategies influencing growth and development 4.3
- The role of international institutions and non-government organisations (NGOs) 4.3
- Market Failure in the financial sector
- Types of public expenditure
- Tax
- Structural v Cyclical Deficit
- Reducing fiscal deficit
- LRAS & AD Diagram (MUST KNOW)
