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Decks in this class (25)
2.1.2
Define inflation,
How is inflation measured,
Define disinflation
21
cards
Somthing
Define three different economic c...,
Define unemployment,
Define economically inactive
18
cards
2.2.1 - Aggregate Demand (AD)
Define aggregate demand,
Define aggregate supply,
What is aggregate demand comprise...
22
cards
2.2.2 - Consumption C
Define disposable income,
What is the influence of disposab...,
Define marginal prospensity to co...
14
cards
2.2.3 - investment
Define investment,
What are the criteria for investment,
Define gross investment
18
cards
2.2.4 Government expenditure (G)
State the two main influences on ...,
Define government spending,
Define access to credit
12
cards
2.2.5 - Net trade (X-M)
The main influences on the net tr...,
State the influence of non price ...,
S
9
cards
2.3.1 - Aggregate supply
Define aggregate supply,
Define aggregate supply shock,
Why is the macroeconomic supply c...
17
cards
2.3.3
Why is the classical lras curve v...,
Whta does lras curve show,
What else can lras be linked to
21
cards
Keynsian LRAS
What do keynesians believe,
What was the keynesian input on e...,
Define employment equilibrium
8
cards
2.4.1 CFI part 1
Define circular flow of income,
Define income,
Define wealth
14
cards
CFI Part 2
Define closed economy,
Define open economy,
What is the economy made up of
10
cards
2.4.3 - Equilibrium levels of real national output
Define equilibrium national output,
What do keynesian and classical e...,
What does an increase decrease in...
7
cards
2.4.4 - multiplier
Define multiplier effect,
Define marginal propensity to con...,
Define marginal propensity to save
16
cards
2.5.1
Define actual economic growth,
Define potential economic growth,
State the factors which could cau...
8
cards
2.6.1- Possible macroeconomic objectives
What is balanced growth,
Define budget balance,
Define price stability
15
cards
Evaluating national income stats
Why national income statistics gd...,
Why measures of the value of outp...
2
cards
2.6.2- Demand Side policies
What is the difference between mo...,
State two monetary policy instrum...,
Define quantitative easing
28
cards
fiscal policy
What is fiscal policy,
What are fiscal policy instruments,
What are direct taxes and state t...
20
cards
2.6.2i - strengths and weaknesses of demand side policies
What policies do keynesian econom...,
What policies do classical econom...,
State 7 points that help evaluate...
9
cards
2.6.2 Great depression
What was used in the great depres...,
What was used in the great depres...,
Briefly describe the great depres...
18
cards
2.6.2 definitions
Define fiscal stimulus,
Define fiscal stability,
Define finetuning
9
cards
2.6.3a
What is supply side economics,
Describe the ffects of supply sid...,
What are supply side improvements
9
cards
2.6.4.a
Explain economic growth vs protec...,
Economic growth vs balance of pay...,
Inflation vs econ growth
15
cards
2.6.4c
Conflict between expansionary and...,
How do interest rates affect the ...,
Obvious impacts of rising interes...
7
cards
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Econ THEME 2
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