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

Decks in this class (18)

Macro 1-4
What 7 things should successful e...,
Circular flow of income model,
Injections into the circular flow...
83  cards
Macro 5 - Aggregate supply
Aggregate supply definition,
What does the keynesian aggregate...,
What is the first main section of...
25  cards
Macro 6 - Macroeconomic Equilibrium
When does macroeconomic equilibri...,
What happens when equilibrium occurs,
What happens if aggregate demand ...
14  cards
Macro 7 - Inflation
Inflation definition,
What are sustained periods of ext...,
What is deflation
37  cards
Macro 8 - Causes and consequences of Inflation
Why do prices rise,
Why does demand pull inflation occur,
Illustrate demand pull inflation ...
35  cards
Macro 9 - Unemployment
What is unemployment,
Who are not classed as unemployed,
Who are people who are economical...
11  cards
Macro 10 - Causes/consequences of unemployment
What are the advantages of the il...,
What are the advantages of the cl...,
What are the 5 causes of unemploy...
36  cards
Macro 11 - Economic growth
Short run economic growth definition,
Long run economic growth definition,
How does long run economic growth...
7  cards
Macro 12 - Causes/consequences of economic growth
Show using a diagram how in the s...,
Show using a diagram how in the s...,
What are the 6 benefits of econom...
28  cards
Macro 13 - Multiplier
Define the multiplier effect,
Define the negative multiplier ef...,
Explain the multiplier
14  cards
Macro 15 - fiscal policy.
Define fiscal policy,
What can the government change in...,
What can the governmentchange abo...
44  cards
Macro 15 - The budget position.
Define the government budget,
What is a budget deficit,
What is a budget surplus
26  cards
Macro 16 - Monetary policy
Define monetary policy,
What target is achieved by using ...,
What is the main method of moneta...
29  cards
Macro 17 - supply side policies
Define supply side policies,
What happens if supply side polic...,
Explain the 2 types of supply sid...
37  cards
Macro 18 - conflict between macro objectives
What is the problem,
Explain the conflict that arises ...,
Explain the conflict that arises ...
10  cards
Macro 19 - balance of payments
Define balance of payments,
What are the 2 functions of balan...,
What 3 components are balance of ...
24  cards
Macro 20 - imbalances in the balance of payments.
What is the affect of a current a...,
Define the current account,
Define current account surplus
27  cards
Macro 21 - Exchange rates
Define exchange rates,
What does an increase in the valu...,
What does a decrease in the value...
16  cards

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macroeconomics omar

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