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

Decks in this class (16)

Definitions
Monetary policy 1,
Fiscal policy 2,
Monetary neutrality 3
11  cards
Schools of thought
What are the fundamental ideas of...,
Define the market economy 2,
How do austrian markets feel towa...
13  cards
Measuring economic activity
What does gdp do 1,
What do market prices represent 2,
What does the word final mean in ...
28  cards
Productivity and growth
Why is productivity growth the ke...,
What are the determinants of prod...,
What is the production function 3
10  cards
Unemployment
Reasons for being economically in...,
What fraction of unemployed peopl...,
Why is the unemployment rate lowe...
16  cards
The financial system
Define the financial system 1,
What is the purpose of the financ...,
What are the two types of financi...
24  cards
The monetary system
What are the three functions of m...,
Define liquidity 2,
What are the two types of money 3
26  cards
Money growth and inflation
Define inflation 1,
Define deflation 2,
Define hyperinflation 3
27  cards
Business cycles
What is a business cycle 1,
Define a recession 2,
Define a depression 3
14  cards
ISLM
What does the islm model determine 1,
What are the key assumptions for ...,
What does the phrase to clear the...
11  cards
ADAS
Facts about economic fluctuations 1,
What is the main difference about...,
What is the ad as model 3
25  cards
Monetary and fiscal policies
What happen on adas when ad contr...,
Explain contractions in aggregate...,
Explain contractions in aggregate...
22  cards
Inflation and unemployment
What is the phillips curve 1,
How can the adas model rationalis...,
What does the long run philips cu...
13  cards
Open economy
What is a closed economy 1,
What is an open economy 2,
What are exports 3
45  cards
Common currency
Benefits of a single currency 1,
Costs of a single currency 2,
Define asymmetric shock 3
7  cards
Graphs
What is on the axis for the marke...,
What is supply in the market for ...,
What is the demand in the market ...
16  cards

More about
Macroeconomics

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