This class was created by Brainscape user L G. Visit their profile to learn more about the creator.
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L G
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Decks in this class (17)
Inflation Definitions
Inflation 2,
Deflation,
Disinflation
15
cards
Unemployement Definitions
Unemployment level 2,
Unemployment rate 2,
Underemployment 2
14
cards
Theme 2 Inflation + Unemployment
Real wage inflexibility,
Technological unemployment,
Regional unemployment
40
cards
Balance of Payments defintions
Balance of payments 1,
Current account 3,
Capital account 3
9
cards
Economic Growth Definitions
Gdp 2,
Gnp 2,
Gni 2
12
cards
Aggregate Supply and Demand Definitions
Aggregate demand 4,
Aggregate supply 2,
Consumption 1
12
cards
Inflation (causes and problems)
Define inflation 7,
How is intentionally caused 2,
Name three causes of inflation
19
cards
Unemployment (measures (pros+cons))
Define unemployment,
Define unemployment level,
Define under employment
21
cards
Balance of Payments (Deficit+Surpluses+Influences)
Define balance of payments,
Define current account,
Define balance of trade
32
cards
GDP (measures of NI, circular flow, multiplier, GDPmacrotarget)
An economy is in equilibrium when,
Define withdrawals and give examples,
Define injections and give examples
65
cards
AD/AS analysis (components of AD and influencing factors)
Define aggregate demand,
Define aggregate supply,
What influences consumer expendit...
19
cards
Macroeconomic objectives and policies definitions
Fiscal policy 3,
Expansionary policies 3,
Tightening policies 3
22
cards
Macroeconomic objectives/polices and their conflicts/trade offs
Assess whether gdp growth should ...,
4 macroeconomic targets,
Economic growth rate
19
cards
Demand-side policies
Name the two types of demand side...,
Explain fiscal policy,
Explain monetary policy
20
cards
Supply-side policies
What is meant by a marginal tax rate,
Why might reducing tax rates supp...,
Market based policies define
28
cards
20 markers
Supply side policy in achieving e...,
Evaluate the demand side policy r...,
Evaluate the use of monetary poli...
4
cards
Factors influencing the exchange rate
Inflation,
Interest rates,
Speculation
5
cards
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economics theme 2
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