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Final Macro

This class was created by Brainscape user Verity Russell. Visit their profile to learn more about the creator.

By: Verity Russell
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Decks in this class (18)

Aggregate Demand
Percentage of c,
Percentage of i,
Percentage of g
7  cards
Shifts in AD
Define disposable income,
Define the multiplier effect,
What does the multiplier ratio te...
9  cards
Aggregate Supply
Why does the sras slope upwards,
What happens to sras when price l...,
What do neoclassicists believe
5  cards
Exchange Rates
Exchange rate calculation,
What can shift exchange rates,
Why do consumers sell pounds
7  cards
Labour Markets
Axis for labour market diagram,
What happens if wages decrease,
Main reasons for shifts in labour...
5  cards
Inflation
Deflationary spiral,
How does inflation impact the val...,
Definition of real income
9  cards
Growth
What does it mean if nominal gdp ...,
A decrease in nominal gdp could b...,
Formula for real gdp growth
14  cards
Unemployment
Working age population,
Define active population,
Define inactive population
19  cards
Balance of Payments
Investment income,
Current transfers,
Factors affecting the current acc...
8  cards
Public Finances
Current account defict vs budget ...,
Government bonds
2  cards
Macroeconomic Objectives
What are the macroeconomic object...
1  cards
Business Cycle
What is the straight diagonal lin...,
Axis for business cycle,
What is fluctuating line called i...
10  cards
Fiscal Policy
What is fiscal policy,
Cons of increasing income tax,
Pros of increasing income tax
14  cards
Demand-Side Policies
What are the demand side policies,
List the demand side policies
2  cards
Monetary Policy
Quantitative easing,
Quantitative easing eval
2  cards
Demand Side Responses
0  cards
Supply-Side Policies
What are supply side policies,
Interventionist policy,
Market based policy
4  cards
Conflicts Between Objectives
0  cards

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Final Macro

  • Class purpose General learning

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