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

Decks in this class (23)

circular flow of income
What are the four factors of prod...,
What is the benefit of capital,
What is the benefit of enterprise
17  cards
measures of economic activity
What are the three methods of mea...,
Which measurement is in the publi...,
What does the income method show us
26  cards
production possibility frontier (PPF)
What is the ppf,
What is the definition of ppf,
What is a trade off
32  cards
aggregate demand
What is an aggregate demand curve,
What does the aggregate demand cu...,
What is the relationship on the a...
23  cards
investment and spending
Which component in aggregate dema...,
What is the equation for aggregat...,
What are capital goods
18  cards
pre learning week 5
What is marginal propensity to co...,
What happens to ad when x m decre...,
What happens to ad when x m incre...
24  cards
pre learning week 6
What is the multiplier effect,
When does the multiplier effect o...,
What is the multiplier coefficient
6  cards
multiplier
What is the multiplier effect,
What is the ratio of final change...,
What is the equation for the valu...
5  cards
aggregate supply
What is aggregate supply,
What is in the long run,
What are the four main points of ...
33  cards
Macroeconomic equilibrium and objectives
What is macro economic equilibrium,
When is there equilibrium in the ...,
Where does the long run equilibri...
16  cards
Meaning and representation of economic growth
What is economic activity,
What is gross domestic product gdp,
What is economic growth
12  cards
Economic growth
What is economic growth,
What is an increase in ad also kn...,
What is short run growth actual g...
34  cards
Output gaps and the trade cycle
What is an output gap,
What is the negative output gap,
What corresponds with a negative ...
17  cards
inflation and deflation
What is inflation,
What does inflation cause in the ...,
What is hyper inflation
18  cards
benefits & costs of inflation
What are the 8 main problems with...,
What do reduced real wages mean,
What does reduced real savings mean
16  cards
sectors of the economy
What is the primary sector,
What is the secondary sector,
What is the tertiary sector
5  cards
long run aggregate supply
What is the acronym for long run ...,
What is long run aggregate supply,
Does the lras represent the maxim...
11  cards
Multiplier
How is the value of the multiplie...,
Why is the multiplier determined ...,
What is the equation for extra in...
24  cards
PPP
What is the acronym for purchasin...,
What is purchasing power parity,
Why is the purchasing power parit...
6  cards
GDP and standards of living
What is gdp per capita,
What does gdp per capita measure,
How do you calculate gdp per capita
7  cards
inflation and deflation
What is inflation,
What is deflation,
What is disinflation
6  cards
CPI
What is cpi,
What is the current price index,
What is the equation for cpi
7  cards
inflaation
What are the three main causes of...,
What is cost push inflation,
What are the causes of cost push ...
7  cards

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macro economics

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