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Phoebe L
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Decks in this class (19)
2.1.1 Economic Growth
Gross domestic product gdp,
Suggest two methods to work out gdp,
Suggest how the expenditure metho...
37
cards
2.1.2 Inflation
Inflation,
Who is inflation a problem for,
Deflation
47
cards
2.1.3 Employment And Unemployment
Unemployment,
Unemployment rate,
Measures of unemployment
51
cards
2.1.4 Balance Of Payments
Balance of payments,
The current account,
Current account deficit
32
cards
2.2.1 Aggregate Demand
Aggregate demand,
Components of ad,
Relative importance of consumptio...
15
cards
2.2.2 Consumption
Why does the real balance effect ...,
Disposable,
Relationship
32
cards
2.2.3 Investment
Investment,
Gross investment,
Net investment
19
cards
2.2.4 & 2.2.5 Government Expenditure (G) & Net Trade (X-M)
Government expenditure,
Main influences on govt expenditure,
Types of govt spending
29
cards
2.3.1 & 2.3.2 Aggregate Supply And Short Run Aggregate Supply
Aggregate supply,
Aggregate supply curve pic,
Short run as curve pic
16
cards
2.3.3 Long Run Aggregate Supply
Shape of the long run as curve pic,
What do classical economists beli...,
What do keynesian economists beli...
9
cards
2.4.1 & 2.4.2 National Income & Injections And Withdrawals (Circular Flow Of Income)
See essay,
The circular flow of income,
Injections
14
cards
2.4.3 & 2.4.4 Equilibrium Levels Of Real National Output & The Multiplier
The multiplier ratio,
The multiplier ratio example,
The multiplier process injections
18
cards
2.5.1 & 2.5.2 Causes Of Growth & Output Gap
Causes of economic growth,
How does an increase in ad lead t...,
V
16
cards
2.5.3 Trade (business) Cycle
Trade business cycle,
Characteristics of a boom,
Why does a boom improve govt budg...
6
cards
2.5.4 The Impact Of Economic Growth
Impact of economic growth,
Benefits of economic growth on co...,
Problems with economic cost on co...
9
cards
2.6.1 Possible Macroeconomic Objectives
Possible macroeconomic objectives,
The stage at which governments mi...,
Side effects of macroeconomics pr...
25
cards
2.6.2 Demand Side Policies
Demand side policies,
Fiscal policy,
Monetary policy
42
cards
2.6.3 Supply-side Policies
Supply side policy,
Difference between market based a...,
Market based policies
31
cards
2.6.4 Conflicts And Trade-offs Between Objectives And Policies
Potential conflict between the ma...,
Econ growth vs budget deficit,
Econ growth vs budget deficit eva...
23
cards
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