This class was created by Brainscape user Gloria Kelly. Visit their profile to learn more about the creator.
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Gloria Kelly
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Decks in this class (14)
Oct test 1
What is gdp 1,
Difference between gdp and econom...,
What is an injection 3
59
cards
Globalisation
Define globalisation 1,
Characteristics of globalisation 2,
Factors contributing to globalisa...
9
cards
Protectionism
Lower output and living standards...,
Lower output and living standards...,
Rise in price and loss of consume...
20
cards
Mon 20th Mini-test
What is the multiplier equation 1,
What is mpw and what does it equal 2,
Define the multiplier 3
10
cards
Dec Test 2
Define ad 1,
Aggregate demand formula 2,
What are the relative importance ...
18
cards
Economic Activity
What is the economic problem 1,
What is scarcity 2,
What are the 4 factors of product...
30
cards
AS/AD
Ad definition 1,
Why ad slopes downwards 2,
What is the net exports effect do...
23
cards
The multiplier + Unemployment
What is the multiplier 1,
What is the multiplier formula 2,
What does the mpw 3
21
cards
Inflation + Deflation
Define inflation 1,
Define deflation 2,
Define disinflation 3
17
cards
Fiscal Policy
Define fiscal policy 1,
What types of expenditure can the...,
Sources of gov revenue 2 3
23
cards
Monetary Policy
Define monetary policy 1,
Define interest rates 2,
What is a central bank 3
14
cards
Supply-side Policies
Define supply side policies 1,
Define interventionist policies 2,
Define market based policies 3
9
cards
Conflicts of Economic Objectives
What is the impact of economic gr...,
What is the impact of high employ...,
What is the impact of economic gr...
6
cards
Specialisation and Trade
What is absolute advantage 1,
What is comparative advantage 2,
What is the law of comparative ad...
6
cards
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AS Econ Macro
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