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By:
Kit Hogan
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Decks in this class (21)
2.1 Measures of economic performance
Economic growth,
Gross domestic product gdp,
Real gdp
18
cards
2.1.2 Inflation
Inflation,
Deflation,
Disinflation
14
cards
2.1.3 Employment and unemployment
Measures of unemployment the clai...,
Measures of unemployment internat...,
Comparisons between the claimant ...
23
cards
2.1.4 Balance of payments
Balance of payment,
First component current account,
Current account trade in balance
10
cards
Aggregate demand
Aggregate demand,
Consumption,
Investment
5
cards
Shifts in AD
Consumption disposable income,
Consumption interest rates,
Consumption consumer confidence
10
cards
Aggregate supply
Aggregate supply,
Upward sloping,
Short run
4
cards
Shifts in AS
Shifts in sras,
Shifts lras
2
cards
Exchange rates
Exchange rate,
Currency supply,
Currency demand
10
cards
Labour markets
Wages increase,
Wages decrease
2
cards
2.4.1 Circular flow of income
Income,
Describe the circular flow of income,
Wealth
10
cards
2.4.2 Injections and withdrawals
0
cards
2.4.4 The multiplier
The multiplier ratio,
The multiplier effect,
The downward multiplier
9
cards
2.5.1 Causes of economic growth
Economic growth,
Factors causing economic growth,
Factors causing economic growth
9
cards
2.5.2 Output gaps
Long term growth trend rate,
A,
Output gap
6
cards
2.5.3 Trade (business) cycle
Business cycle,
Boom,
Characteristics of a boom
5
cards
2.5.4 Benefits and costs of economic growth
Benefits consumers,
Costs consumers,
Benefits
8
cards
2.6.1 Possible macroeconomic objectives
Economic growth,
Low unemployment,
Low inflation
7
cards
2.6.2 Demand side policies
Demand side policies,
Expansionary deflationary policy,
Monetary policy
22
cards
2.6.7 Supply side policies
Supply side policies,
Market based methods,
Interventionist based methods
9
cards
2.6.8 Conflicts and trade offs between objectives and policies
0
cards
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ECO - Theme - 2
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