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Alison Carr
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Decks in this class (8)
Measures of economic performance: economic growth
What is the best source of offici...,
Define nominal gdp,
Define real gdp
24
cards
Measures of economic performance: inflation, unemployment and the balance of payments
Define inflation,
Why might inflation hinder econom...,
What is the most important genera...
59
cards
Aggregate demand
Define aggregate demand in words,
What is the formula for aggregate...,
Define consumption
22
cards
Aggregate supply
If a raw material becomes more li...,
If statutory minimum wage rises,
If exchange rate rises ie worth m...
14
cards
National income and macroeconomic equilibrium
What two things flow from househo...,
What two things flow from househo...,
What does the circular flow of in...
22
cards
Economic growth
What is potential economic growth,
What is potential economic growth,
If workforce becomes more skilled...
29
cards
Macroeconomic policy objectives
Name seven macroeconomic policy o...,
What measure is likely to be used...,
Why is economic growth the most f...
29
cards
Macroeconomic policies
What are the three main types of ...,
Define fiscal policy,
How will the aggregate demand cur...
46
cards
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Macroeconomics
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