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

Decks in this class (20)

Macroeconomic Objectives
What are the 4 main macroeconomic...,
What is the trade of between econ...,
What is the trade of between econ...
8  cards
Circular Flow of Income
What is the circular flow of income,
Explain circular flow of income,
What are some leakages into the c...
6  cards
Aggregate Demand
What is aggregate demand,
What does is the aggregate demand...,
Why does changes in price level i...
3  cards
AD Consumption and Investment
What is consumption,
What is the marginal propensity t...,
What are some factors affect cons...
6  cards
AD GS and Net Exports
What are the 4 types of gov spending,
What is the budget deficit and bu...,
What is national debt
4  cards
Aggregate Supply
What is as,
What is sras,
What can determines the sras posi...
9  cards
Accelerator Effect and Multiplier Effect
What is the multiplier effect,
How does multiplier effect influe...,
How do you calculate the multiplier
4  cards
Causes of Economic Growth
What is economic growth,
What causes short run actual growth,
How can short run growth be shown
6  cards
Cost and Benefits of Growth
What are the benefits of economic...,
What are the costs of economic gr...,
What are some evaluation judgemen...
3  cards
Policies to boost economic growth
How can we boost short run growth ad,
Evaluation of policies to boost s...,
Why may we need long run growth a...
5  cards
Economic Cycles
What is the boom phase,
What is the recession or trough p...,
Describe the recovery phase
6  cards
Output Gaps
What are positive output gaps,
What are negative output gaps,
Output gap evaluation between pri...
4  cards
Unemployment Measures
What makes up the unemployed,
What is the labour force survey,
How is the unemployment rate calc...
6  cards
Types of unemployment
What is cyclical unemployment,
What does a decrease in ad lead t...,
What is structural unemployment
12  cards
Cost and Benefits of Unemployment
What are some costs of unemployme...,
What are some costs of unemployment,
What are some benefits of unemplo...
4  cards
Policies to reduce unemployment
What can we do to solve cyclical ...,
What are evaluation points for po...,
What are some policies to reduce ...
7  cards
Inflation
What is inflation,
When does demand pull inflation o...,
When does cost push inflation occ...
8  cards
Inflation Policies
What are the policies to solve de...,
Evaluation of policies to solve d...,
What are the policies to solve co...
6  cards
Deflation
What is deflation,
When does demand side deflation o...,
When does supply side deflation o...
6  cards
Laffer curve
What does the laffer curve say,
Why does laffer argue this
2  cards

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macroeconomics

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