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Economics Unit 2

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

By: Anna Richards
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Decks in this class (10)

The measurement of the macroeconomic performance
What is aggregate demand,
What is the equation for aggregat...,
What is aggregate supply
35  cards
How the macroeconomy works: the circular flow of income
What is a recession,
What is flow,
What is stock
26  cards
Aggregate demand and aggregate supply
Why is the ad curve downward sloping,
What causes the ad curve to shift,
What factors affect the decision ...
27  cards
Macroeconomic policy objectives
What are policy objectives,
What are policy instruments,
What are the policy objectives 4
18  cards
Economic growth and the economic cycle
Why is growth seen to be an impor...,
What is lras affected by 3,
What are the costs of economic gr...
5  cards
Inflation, deflation, employment and unemployment
What is demand pull inflation,
What causes demand pull inflation 5,
What is cost push inflation
15  cards
The balance of payments on the current account
What does the current account ref...,
What are the 4 sections of the cu...,
What are visibles
20  cards
Monetary policy
What is monetary policy,
What is an interest rate,
If interest rates are high what w...
25  cards
Fiscal policy
What is fiscal policy,
What is the key source of governm...,
What is current spending
22  cards
Supply-side policies
What does the position of the as ...,
What are supply side policies,
Why might improvements in the sup...
26  cards

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Economics Unit 2

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