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By:
Kit Hogan
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Decks in this class (21)
2.1 Economic growth
Economic growth 1,
Gross domestic product gdp 2,
Real gdp 3
18
cards
2.1.2 Inflation
Inflation 1,
Deflation 2,
Disinflation 3
14
cards
2.1.3 Employment and unemployment
Measures of unemployment the clai...,
Measures of unemployment labour f...,
Differences between the claimant ...
23
cards
2.1.4 Balance of payments
Balance of payment 1,
Current account 2,
Current account trade in goods 3
10
cards
Aggregate demand
Aggregate demand 1,
Consumption 2,
Investment 3
5
cards
Shifts in AD
Consumption disposable income 1,
Consumption interest rates 2,
Consumption consumer confidence 3
10
cards
Aggregate supply
Aggregate supply 1,
Upward sloping 2,
Sras 3
4
cards
Shifts in AS
Shifts in sras 1,
Shifts lras 2
2
cards
Exchange rates
Exchange rate 1,
Currency supply 2,
Currency demand 3
10
cards
Labour markets
Wages increase 1,
Wages decrease 2
2
cards
2.4.1 National income
Circular flow of income 1,
Wealth 2,
Income 3
3
cards
2.4.2 Injections and withdrawals
Injection into the circular flow 1,
Withdrawal from the circular flow 2,
Injections withdrawals 3
4
cards
2.4.4 The multiplier
The multiplier ratio 1,
The multiplier effect 2,
The downward multiplier 3
9
cards
2.5.1 Causes of economic growth
Economic growth 1,
Factors causing economic growth l...,
Factors causing economic growth l...
9
cards
2.5.2 Output gaps
Long term growth trend rate 1,
Actual growth trend rate 1,
Output gap 2
6
cards
2.5.3 Trade (business) cycle
Business cycle 1,
Boom 2,
Characteristics of a boom 3
5
cards
2.5.4 Benefits and costs of economic growth
Benefits consumers 1,
Costs consumers 2,
Benefits firms 3
8
cards
2.6.1 Possible macroeconomic objectives
Economic growth 1,
Low unemployment 2,
Low and stable inflation 3
7
cards
2.6.2 Demand side policies
Demand side policies 1,
Expansionary deflationary policy 2,
Monetary policy 3
24
cards
2.6.7 Supply side policies
Supply side policies 1,
Market based methods 2,
Interventionist based methods 3
12
cards
2.6.8 Conflicts and trade offs between objectives and policies
Trade off 1,
Conflicts and trade offs between ...,
Conflicts and trade offs between ...
4
cards
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ECO - Theme - 2
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