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Economics 2 - The Macroeconomy

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

By: Bethany Demenis
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Decks in this class (18)

Aggregate demand and supply - Key terms
Aggregate demand,
Aggregate supply,
Consumption
16  cards
The macroeconomy
What is an economy,
What are the 7 macroeconomic obje...
2  cards
2.4 - National income
What is income,
What is wealth,
What is net worth
18  cards
2.2.1 - characteristics of AD
What is the equation for aggregat...,
What is aggregate demand,
What is consumption
9  cards
2.2.2 - Consumption
What is consumption,
What are some factors affecting c...,
What is saving
6  cards
2.2.3 - Investment
What is investment,
What is gross investment,
How do you calculate net investment
16  cards
2.2.4 - Government expenditure
What are the 4 stages of the busi...,
What is on the axis of the busine...,
What happens in stage 1 of the bu...
8  cards
2.2.5 - Net trade
What are the main influences on n...,
What is real income,
How does real income affect net t...
7  cards
2.3.1 - characteristics of AS
What is aggregate supply as
1  cards
2.3.2 - short-run AS
What does short run mean,
What factors affect the sras,
What does the sras curve look like
9  cards
2.3.3 - long-run AS
What does long run mean,
What does the classical lras curv...,
Why is the classical lras curve v...
9  cards
2.4.4 - the multiplier
What is the multiplier process,
How is the multiplier calculated,
How do interest rates affect the ...
4  cards
2.1 - economic growth
What are the seven macroeconomic ...,
How is economic growth measured,
What is gdp
42  cards
2.1.2 - inflation
What is inflation,
What is deflation,
What is disinflation
19  cards
2.6.2 - demand side policies
What is the aim of the monetary p...,
What are the 3 ways the mpc can i...,
What is the main method used to c...
36  cards
2.1.3 - employment and unemployment
Who are the unemployed,
What does economically active mean,
What does economically inactive mean
34  cards
2.6.3 - supply side policies
What are supply side policies,
How is the lras shifted right,
How can the quantity of fops be i...
15  cards
2.6.2 - Great Depression/2008 Financial Crisis
What fiscal policy was used in re...,
What monetary policy was used in ...,
What policies did the us use in r...
4  cards

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Economics 2 - The Macroeconomy

  • Class purpose General learning

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