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MacroEconomics topic 1

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

By: Matthew Burden
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Decks in this class (13)

lesson 1 - introduction
What is macroeconomics,
What is economic growth measured in,
What is the uks unemployment
6  cards
lesson 2- conflicts in macroeconomic objectives
It is _____ for all economic ____...,
Name explain 5 conflicting object...,
Further reading irelandhow rich w...
5  cards
lesson 3-circular flow of income
What is the difference between gd...,
What is a transfer payment,
Why is national income measured
9  cards
lesson 4- consumption
What is aggregate demand,
What is consumption,
What are the two types of goods
13  cards
lesson 5- investment + lesson 6- government spending
What of aggregate demand does inv...,
What is investment,
What are the two types of capital
14  cards
lesson 7- exports-imports
How much of aggregate demand does...,
What is the definition of imports,
What is the definition of exports
5  cards
lesson 8- aggregate demand curve and the multiplier effect
Draw ad curve,
What does the ad curve do when ag...,
What are the factors of aggregate...
9  cards
lesson 9- aggregate supply (SR and LR)
What is as,
Draw sras short run aggregate supply,
What is the short run
15  cards
lesson 10- equilibrium output
Draw a graph with sras and ad sho...,
What is,
What is a supply side shock examples
6  cards
lesson 11- the traditional business cycle
Draw and label a business cycle,
What is the peak boom,
What is the downturn
10  cards
lesson 12- economic growth
What is economic growth,
What is a recession,
What is real gdp
15  cards
lesson 13- unemployment
Ujj,
What is full employment,
What is the labour force survey lfs
21  cards
lesson 14- inflation
What is inflation,
What is inflation rate,
What is creeping inflation
14  cards

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MacroEconomics topic 1

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