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Gloria Kelly
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Decks in this class (14)
Oct test 1
What is gdp,
Difference between gdp and econom...,
What is an injection
59
cards
Globalisation
Define globalisation,
Characteristics of globalisation,
Factors contributing to globalisa...
9
cards
Protectionism
Lower output and living standards...,
Lower output and living standards...,
Rise in price and loss of consume...
20
cards
Mon 20th Mini-test
What is the multiplier equation,
What is mpw and what does it equal,
Define the multiplier
10
cards
Dec Test 2
Define ad,
Aggregate demand formula,
What are the relative importance ...
18
cards
Economic Activity
What is the economic problem,
What is scarcity,
What are the 4 factors of production
30
cards
AS/AD
Ad definition,
Why ad slopes downwards,
What is the net exports effect do...
23
cards
The multiplier + Unemployment
What is the multiplier,
What is the multiplier formula,
What does the mpw
21
cards
Inflation + Deflation
Define inflation,
Define deflation,
Define disinflation
17
cards
Fiscal Policy
Define fiscal policy,
What types of expenditure can the...,
Sources of gov revenue 2
23
cards
Monetary Policy
Define monetary policy,
Define interest rates,
What is a central bank
14
cards
Supply-side Policies
Define supply side policies,
Define interventionist policies,
Define market based policies
9
cards
Conflicts of Economic Objectives
What is the impact of economic gr...,
What is the impact of high employ...,
What is the impact of economic gr...
6
cards
Specialisation and Trade
What is absolute advantage,
What is comparative advantage,
What is the law of comparative ad...
6
cards
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AS Econ Macro
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