Economics- Theme 2

This class was created by Brainscape user Jonny Philp.

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Decks in this class (19)

1- Measures of economic performance
0  cards
2- Aggregate Demand
Aggregate demand definition 1,
Aggregate demand formula 2,
Components of ad 3
12  cards
3- Consumption
Consumption definition 1,
Amount of ad that consumption tak...,
What determines levels of consump...
12  cards
4- Investment
Investment definition 1,
Gross investment definition 2,
Net investment definition 3
13  cards
5- Government expenditure
Main influences on government exp...,
What is government spending 2,
What determines levels of governm...
21  cards
6- Net trade (X-M)
What are the main influences of n...,
How does real income affect net t...,
How exchange rates affect net tra...
7  cards
7- Aggregate Supply
Aggregate supply definition 1,
Short run aggregate supply demand 2,
Short run defintion 3
21  cards
8- National Income
What is the key measure of nation...,
Gdp definition 2,
Real gdp 3
26  cards
9- The Multiplier and Circular Flow of Income
Multiplier definition 1,
What causes the multiplier effect 2,
Positive multiplier 3
26  cards
10- Economic Growth
Economic growth definition 1,
Objective of economic growth 2,
What is trend growth 3
48  cards
11- Inflation
Inflation definition 1,
Deflation definition 2,
Disinflation definition 3
34  cards
12- Employment and unemployment
How can unemployment rate be meas...,
Economically inactive 2,
Economically active 3
19  cards
13- Balance of Payments
0  cards
14- Possible macroeconomic objectives
0  cards
15- Demand-side policies
Strengths of demand side policies 1,
Weaknesses of demand side policies 2
2  cards
16- Supply-side policies
Strengths of supply side policies 1,
Weaknesses of supply side policies 2
2  cards
17- Conflicts and trade-offs
0  cards
18- Quantitative methods
Purpose of index numbers 1,
Base of index number 2,
How to calculate index number 3
14  cards
Other
Net trade definition 1,
Net immigration definition 2,
Interest rate definition 3
11  cards

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Economics- Theme 2

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