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

Decks in this class (16)

lesson 1 - intro to macroecon
Economics 1,
Scarcity 2,
Economic resources factors of pro...
10  cards
lesson 2 - opp cost and ppc
Ppc production possibility curve 1,
Efficiency 2,
Inefficient use of resources 3
8  cards
lesson 3 - comp advantage
Absolute advantage 1,
Comparative advantage 2,
Specialization 3
7  cards
lesson 4 - demand
Demand 1,
Demand schedule 2,
Demand curve 3
11  cards
lesson 5 - supply
Supply 1,
Law of supply 2,
Quantity supplied 3
5  cards
lesson 6 - equillibrium
Market 1,
Shortage 2,
Surplus 3
7  cards
lesson 7 - gdp
Gdp 1,
Expenditure approach 2,
Income approach 3
13  cards
lesson 8 - limitations of gdp
Qol quality of life 1,
Non market transactions 2,
Income inequality 3
10  cards
lesson 9 - unemployment
Unemployment 1,
Unemployed 2,
Unemployment rate 3
13  cards
lesson 10 - price indices
Inflation 1,
Inflation rate 2,
Deflation 3
13  cards
lesson 11 - cost of inflation
Unanticipated inflation 1,
Unanticipated disinflation 2,
Unanticipated deflation 3
8  cards
lesson 12 - real vs nominal
Nominal gdp 1,
Real gdp 2,
Gdp deflator 3
6  cards
lesson 13 - business cycles
Business cycle model 1,
Aggregate demand 2,
Aggregate supply 3
13  cards
lesson 14 - aggregate demand
Price level 1,
Aggregate demand 2,
Change in aggregate demand 3
10  cards
lesson 15 - multipliers
Multiplier effect 1,
Change in autonomous spending 2,
Mpc 3
6  cards
lesson 16 - short run aggregate
Short run aggregate supply 1,
Short run 2,
Sticky prices wages 3
6  cards

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macroeconomics

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