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Decks in this class (18)
Aggregate Demand
What is aggregate demand 1,
What are the sources of aggregate...,
What is the formula for ad 3
13
cards
Consumption
What is consumption 1,
How does an increase in income af...,
What is disposable and discretion...
11
cards
Factors affecting consumption
What factors affect consumption 1,
What is wealth 2,
What are the different types of w...
7
cards
Investment
What factors affect investment 1,
Ways to finance investments 2,
Different types of capital invest...
9
cards
Government Spending
What is government spending 1,
Examples of current government sp...,
Examples of continuous government...
8
cards
Net exports
What factors affect net exports 1,
What factors that affect net expo...,
High inflation rates in the uk is...
3
cards
Aggregate Supply/SRAS
Define aggregate supply 1,
What is on the x and y axis on an...,
What does a sras curve show 3
8
cards
LRAS
Name the 2 theories for lras 1,
Summarise classical lras what doe...,
What does the lras curve show 3
8
cards
Multiplier Effect/Circular Flow of Income
Describe how an increase in incom...,
Describe how an increase in gover...,
Define the term positive multipli...
17
cards
Supply side policies
What is the main aim of supply si...,
What are the two different types ...,
Increasing in the market will inc...
6
cards
Business Cycle
Name the 4 parts of the business ...,
What has to occur in order for it...,
What increases when there are lon...
10
cards
Measures of Economic Performance
What does gdp stand for and what ...,
What is gdp per capita 2,
What is the difference between re...
6
cards
Inflation
Define the following terms 1,
How is cpi consumer price index c...,
Limitations of cpi 3
11
cards
Employment and Unemployment
Define unemployment 1,
Name and describe the 2 ways to m...,
Give reasons why there may be dif...
10
cards
Balance of Payments - Current Account
What is the balance of payments 1,
What are the 4 components that ma...,
Define remittances 3
4
cards
Macroeconomic Objectives
What are the 7 main uk govt macro...
1
cards
Demand Side Policies
What are the 2 types of demand si...,
Name the 2 components of each dem...,
What are the main purpose of dema...
6
cards
Conflicts and Trade-offs Between Govt Objectives
What are the potential trade offs...,
What is the potential trade offs ...
2
cards
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Economics Theme 2
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