This class was created by Brainscape user Grace Chingore. Visit their profile to learn more about the creator.
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Grace Chingore
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Decks in this class (16)
Economic Growth & Economic Cycle - Macro
What is short run economic growth 1,
What is long run economic growth 2,
What is an output gap 3
49
cards
Economic Methology And The Economic Problem - Micro
What do ppf graphs show 1,
What limited resources do ppfs he...,
What do all the points on the bou...
23
cards
The Circular Flow Of Income- Macro
What is national income 1,
What is real gdp 2,
What is gnp 3
14
cards
Markets- Micro
What is a free market economy 1,
What two sectors are mixed econom...,
How are goods and services alloca...
14
cards
Consumer Behaviour - Micro
What is individual economic decis...,
What is being rational 2,
How can consumers act rationally 3
12
cards
Demand And Supply - Micro
What is demand 1,
What does the law of demand state 2,
What are the 12 factors of demand 3
14
cards
Unemployment - Macro
What is unemployment 1,
What are the two main methods use...,
What does the claimant count do 3
24
cards
Price Elasticty Of Demand
What does ped measure 1,
What is elastic demand 2,
What is inelastic demand 3
12
cards
Income Elasticity Of Demand
What does income elasticity of de...,
What is a normal good 2,
What is an inferior good 3
13
cards
Cross Elasticity Of Demand
What does xed measure 1,
What is the formula for xed 2,
What are the three types of xed r...
11
cards
Price Elasticity Of Supply
What is price elasticity of supply 1,
How do you calculate price elasti...,
What does it mean in real terms w...
5
cards
Inflation
What is inflation 1,
What is deflation 2,
What is disinflation 3
30
cards
The Mechanism And Market Failure - Micro (keywords)
Define free market economies 1,
Define command economies 2,
Define mixed economies 3
19
cards
Externalities: Market Failure - Micro
Define externalities 1,
Which curve shifts when there are...,
Which curve shifts when there are...
10
cards
Fiscal Policy
Define fiscal policy 1,
Define the budget deficit 2,
Define the budget surplus 3
54
cards
Supply Side Policy
Outline the aim of supply side po...,
Define a policy 2,
When does improvement occur 3
9
cards
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Economics
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