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Muaz Gull
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Decks in this class (16)
1.1
Uses of opportunity cost 3,
Causes of economic growth 3,
What things can cause a point to ...
34
cards
1.4
Government intervention is when t...,
What can governments use to chang...,
Main reasons for government inter...
60
cards
1.2.6 + 1.2.7 + 1.2.8
Equilibrium means,
Demand increases means what movem...,
Demand decreases means what movem...
29
cards
1.2.1 + 1.2.2
Rational consumers make their cho...,
Utility definition,
Bounded rationality
25
cards
2.3.3
What is the lras,
Main factors causing a shift in lras,
How are the maximum output level ...
29
cards
2.3.1 + 2.3.2
What is aggregate supply,
What happens to supply when gpl r...,
What happens when gpl is falling
25
cards
2.2.3 + 2.2.4 + 2.2.5
What is investment,
What are capital goods,
Difference between gross and net ...
24
cards
2.2.1 + 2.2.2
Aggregate demand,
E aggregate demand curve shows a ...,
Lower gpl
29
cards
2.1.3 + 2.1.4
Labour force survey lfs,
What is the lfs,
To be classed as unemployment a p...
53
cards
2.1.1 + 2.1.2
What does gdp measure,
Output,
Value of output
62
cards
1.2.3 + 1.2.4 + 1.2.5
Price elasticity of demand ped me...,
Formula for calculating co effici...,
Ped 0 means
42
cards
1.2.9 + 1.2.10
What is an indirect tax,
How is tax shown on a diagram,
What does the impact of the tax o...
21
cards
1.3
The main role of the price mechan...,
Complete market failure happens when,
Partial market failure happens when
76
cards
2.4
Intro to circular flow,
What do households do in the circ...,
What do governments do in the cir...
44
cards
2.5
What is economic growth,
What are the main drivers of long...,
Short run economic growth
68
cards
2.6
Key macro objectives,
3 broad categories of macroeconom...,
Budget fiscal deficit
96
cards
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Econ AS
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