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Harriet Walker
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Decks in this class (27)
Measuring economic growth
What are the four main macroecono...,
What is gdp 2,
Economic growth measured as a per...
8
cards
Measuring inflation
There are two ways to define infl...,
Inflation can be positive or nega...,
Two main measurements used for in...
6
cards
Measuring unemployment
There are two ways of defining un...,
Two ways of measuring unemployment 2,
Two ways of measuring unemployment 3
4
cards
Measuring Balance of Payments
The balance of payments refers to...,
Four sections to the current acco...,
The balance of payments isn t alw...
3
cards
Measuring development
Looking at development can give a...,
Human development index considers...,
Hdi is used in different ways 3
5
cards
The Circular Flow of Income
Income flows between firms and ho...,
There are injections into and wit...,
Injections have a multiplier effe...
4
cards
The components of Aggregate Demand
Aggregate demand is the total spe...,
Consumption and saving are affect...,
Main factors affecting consumptio...
13
cards
Aggregate Demand Analysis
The aggregate demand curve is sim...,
The ad curve might shift to the r...,
Ad might shift to the left 3
9
cards
Aggregate Supply
There are two types of as curve 1,
Changes in the costs of productio...,
Changes in the factors of product...
7
cards
Macroeconomic Equilibrium
Macroeconomic equilibrium occurs ...,
An increase in ad alone can only ...,
The amount of spare capacity can ...
5
cards
Economic growth
There are four main objectives of...,
There are different types of econ...,
Production possibility frontier p...
11
cards
Economic Instability
Instability is not good for an ec...,
Economies can suffer from demand ...,
Instability can be caused by anim...
5
cards
Unemployment
Governments want full employment 1,
Economic growth and time of the y...,
Structural unemployment is made w...
7
cards
Inflation
Inflation can be caused by cost p...,
Inflation can also be caused by d...,
Quantity theory of money 3
6
cards
The Balance of Payments
The bop records all financial tra...,
There are four sections of the cu...,
Add up the individual balances to...
11
cards
Other economic policy objectives
Governments try to distribute inc...,
Governments try to protect the en...,
Governments try to ensure economi...
4
cards
Conflicts between Economic Objectives
Governments make trade offs betwe...,
Changes in aggregate demand are l...,
Learn the main causes of conflict...
7
cards
Tackling Unemployment and Inflation
The natural rate of unemployment ...,
The short run phillips curve show...,
Keynesian economists say that the...
9
cards
Inequality and Poverty
Income and wealth are not distrib...,
Lorenz curves show the extent of ...,
Gini coefficients also descrive t...
7
cards
Governments Policies to Tackle Poverty
Governments can often intervene t...
1
cards
Fiscal Poverty
Key features of fiscal policy 1,
Cyclical and structural budget po...,
There are different types of tax ...
9
cards
Average and Marginal Tax Rates
You can calculate average and mar...,
The government spends tax revenue...
2
cards
Monetary Policy
Monetary policy is about controll...,
Interest rates are set by the mon...,
A rise in interest rates can caus...
7
cards
Supply-Side Policies
Supply side policies aim to incre...,
Supply side policies can increase...,
Suitable demand side policies are...
5
cards
Different Approaches to Macroeconomic Policy
Keynesian fiscal policy was widel...,
Keynesians think the economy adju...,
The government s approach to fisc...
6
cards
The Financial Sector and Financial Markets
The financial sector is a major p...,
The financial sector helps econom...,
The banking industry is regulated 3
7
cards
Banks and Money
Learn the difference between comm...,
Learn the difference between comm...,
Banks aren t the only financial i...
7
cards
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CGP Macro Economics revision
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