Paper 2 Diagrams Flashcards
Demonstrate a currency market in equilibrium.
Demonstrate demand deficient unemployment
Demonstrate the impact of the removal of a quota on the price and quantity imports coming into the uk
Demonstrate what happens if a country decides to impose a tariff on an imported good
Demonstrate how a floating exchange rate works
Demonstrate potential growth
Demonstrate how Keynesian expansionary fiscal policy might lead to inflation
Use a graph to show the impact of a positive demand side shock on the economy
Demonstrate the natural rate of unemployment in the labour market
Show the economic cycle and label the phases
Show how gov spending on education can affect both AD and LRAS
Demonstrate the New Classical view that a positive output gap will be eliminated by market forces
Show the impact of hot money flowing in on the value of a currency