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AQA AS Macro-Economics

This class was created by Brainscape user oskar rejent. Visit their profile to learn more about the creator.

By: oskar rejent
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Decks in this class (24)

Economic Growth
Big mac index,
Brics,
Constant price
33  cards
Inflation
Consumer price index cpi,
Cost push inflation,
Cpih inflation
18  cards
Employment and Unemployment
Claimant count,
Cyclical unemployment,
Demand deficient unemployment
30  cards
Balance of Payments
Balance of payments,
Balance of trade,
Capital account
21  cards
Characteristics of AD
Aggregate demand ad,
Animal spirits,
Components of ad
3  cards
Consumption
Consumer confidence,
Consumer durables,
Consumer spending
20  cards
Investment
Access to credit,
Animal spirits,
Business confidence
10  cards
Government Expenditure
Fiscal policy,
Government borrowing,
Government debt
5  cards
Net Trade
Exchange rate,
Net primary income,
Net secondary income
5  cards
Characteristics of AS
Aggregate supply as,
Aggregate supply shock
2  cards
Short-run AS
Costs of production,
Exchange rate
2  cards
Long-run AS
Classical lras,
Competition policy,
Demographic change
14  cards
National Income (NY)
Circular flow of income,
Income,
Wealth
3  cards
Injections and Withdrawals
Injections,
Withdrawals
2  cards
Equilibrium Levels of Real National Output
Aggregate demand,
Aggregate supply,
Equilibrium national output
4  cards
The Multiplier
Marginal propensity to consume mpc,
Marginal propensity to import mpm,
Marginal propensity to mps
8  cards
Cause of Growth
Actual growth,
Long run growth,
Net inward migration
14  cards
Output Gaps
Negative output gap,
Output gap,
Positive output gap
4  cards
Trade (Business) Cycle
Boom,
Depression,
Double dip recession
15  cards
The Impact of Growth
Distribution of income,
Economic development,
Foreign direct investment
6  cards
Possible Macro-economic Objectives
Balanced growth,
Budget balance,
Current account balance
9  cards
Demand-side Policies
Austerity,
Automatic stabilisers,
Budget balance
56  cards
Supply-side Policies
Competition policy,
Competitive market,
Ease of entry
17  cards
Conflicts and Trade-offs
Phillips curve,
Policy asymmetry,
Trade off
3  cards

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AQA AS Macro-Economics

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