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

Decks in this class (14)

Aggregate Demand
What is aggregate demand,
What are the sources of aggregate...,
What are the 4 ckmponents of ad
21  cards
Consumption
What is consumption,
How does an increase in income af...,
What is disposable and discretion...
11  cards
Factors affecting consumption
What factors affect consumption,
What is the flow chart for how hi...,
What is wealth
8  cards
Investment
What factors affect investment,
Ways to finance investments,
Different types of capital invest...
8  cards
Government Spending
What is government spending,
Examples of government spending,
Examples of continouse
10  cards
Net exports
How do you work out net exports,
What factors affect net exports,
In the case of net exports who ar...
7  cards
Aggregate Supply/SRAS
Define aggregate supply,
What is on the x and y axis on an...,
Name the 2 types of aggregate supply
9  cards
LRAS
Name the 2 theories for lras,
Summarise classical lras,
What does the lras
8  cards
Equilibrium Real National Output
1  cards
Multiplier Effect
Describe how an increase in incom...,
Describe how an increase in gover...,
Define the term multiplier effect
14  cards
Shifts in AS
When costs change which aggregate...,
When quantity quality change whic...,
What effect would inward migratio...
5  cards
Supply side policies
What is the main aim of supply si...,
What are the two different types ...,
Increasing in the market will inc...
9  cards
Inflation
What is inflation,
What are the 2 types of inflation,
Describe demand pull inflation
11  cards
Business Cycle
Name the 4 parts of the business ...,
What is a recession,
What increases when there are lon...
9  cards

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Economics Theme 2

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