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Econ Theme 2: The UK Economy – Performance and Policies

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

By: Yusuf Hamid
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Decks in this class (18)

Key Players in the Economy
Who are the key players in the ec...,
How is the government involved in...,
How is industry involved in the e...
6  cards
Methods for Financing Business
What is a firm,
What is retained profit,
When does a company need to borrow
12  cards
Key Issues for Government and the Economy
What does the size of the economy...,
What is the measure for economic ...,
What is the importance of employment
8  cards
Macroeconomic Objectives
Why are governments involved in t...,
What are the four variables of ma...,
What other macroeconomic objectiv...
33  cards
Index Numbers
What is an economic aggregate,
What are the focuses of which the...,
What does it mean if a country is...
10  cards
Real And Nominal Measurements
What is the misconception about e...,
Why is it challenging to use pric...,
What are nominal values
7  cards
Economic Growth
How does a society improve the we...,
What is potential economic growth,
How does the ppf show economic gr...
13  cards
Inflation
What is inflation,
How is the general price index de...,
What is deflation
23  cards
Balance Of Payments
What is the balance of payments a...,
What are the 2 components balance...,
What is the current account
18  cards
Aggregate Demand
What is aggregate demand,
What are the components of aggreg...,
What is consumption in aggregate ...
14  cards
Consumption - AD
What is disposable income,
What is marginal propensity to co...,
What is average propensity to con...
13  cards
Investment - AD
What is investment,
What is gross investment,
What is net investment
16  cards
Government Spending - AD
What does the impact of governmen...,
What is the trade cycle,
How does the government react to ...
5  cards
Net Trade - AD
What is net trade,
How does real income affect net t...,
When do a rise in real incomes le...
13  cards
Short `Run Aggregate Supply
What does the aggregate supply cu...,
What are the two types of aggrega...,
What is short run aggregate supply
14  cards
National Income
What is the circular flow of income,
What are the main economic agents...,
How are households involved in th...
14  cards
The Multiplier
What is the multiplier effect,
What is the process by which the ...,
How does the multiplier effect af...
12  cards
Long Run Aggregate Supply
What is the difference between th...,
What is long run aggregate supply,
Which view of lras sees the diagr...
23  cards

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Econ Theme 2: The UK Economy – Performance and Policies

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