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Economics Theme 2

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

By: Tom Gourlay
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Decks in this class (15)

The Characteristics of aggregate demand 2.2.1 unit 23
What is aggregate demand and what...,
What is the domestic economy,
What effects the level of consump...
5  cards
Consumption 2.2.2 (unit 24)
What is consumption,
What are durable goods,
What are non durable goods
9  cards
Investment 2.2.3 Unit 25
What is business investment,
What is gross investment,
What is net investment
9  cards
Governmet expenditure and net trade 2.2.4 unit 26
What are the reasons for governme...,
How does the exchange rate impact...,
How does the real income in the d...
6  cards
Aggregate supply 2.3.3 unit 27
How would an increase in wage rat...,
How would a fall in raw materials...,
How would exchange rates falling ...
6  cards
National income 2.4.1 unit 28
What is the circular flow of income,
What is a closed economy,
What are is income
8  cards
Equilibrium levels of real national output 2.4.3 unit 29
What will cause aggregate demand ...,
What could decrease sras to decrease,
Graphs in the text book
3  cards
The multiplier 2.4.4 unit 30
What is the multiplier effect,
What is the marginal propensity t...,
What is the marginal propensity t...
7  cards
Economic growth 2.1.1 unit 31
What is the definition of gdp,
What is gni,
What is gnp
12  cards
Causes of economic growth and the trade cycle 2.5.1 unit 32
What is actual growth,
What is potential growth,
What is economic growth
9  cards
The impact of economic growth 2.5.4 unit 33
What are some benefits of economi...,
What are some negatives to econom...,
What is sustainable growth
4  cards
Inflation 2.1.2 unit 34
What is inflation,
What is deflation,
How do you measure the price level
7  cards
Employment and unemployment 2.1.3 unit 35
What are the four important ratio...,
What are some of the causes of un...,
What are the cost of unemployment
4  cards
Balance of payments 2.1.4 unit 36
What is the balance of payment ac...,
What is the balance of trade,
What are the capital and financia...
5  cards
Possibile macroeconmic objectives 2.6.1 unit 37
What are some possible macroecono...
1  cards

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Economics Theme 2

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