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Macroeconomics flashcards

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

By: Uttam Venkatesh
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Decks in this class (15)

PPF curve and factors of production
What does the ppf represent 1,
What is the total output in an ec...,
What is on the y axis of a ppf cu...
20  cards
Circular flow of income and GDP
Describe the real activity of hou...,
In terms of monetary activity wha...,
Describe how savings and investme...
16  cards
Financial Markets
What is the role of the financial...,
What are the 3 different types of...,
What is the role of the money mar...
14  cards
Macroeconomic objectives
What are the four macroeconomic o...,
How do you calculate real gdp fro...,
What is sustainable economic grow...
19  cards
Aggregate demand
What does aggregate demand measure 1,
What is the formula for aggregate...,
How does changes in the gpl measu...
26  cards
Aggregate supply and equilibrium
Why is the full capacity lras cur...,
What is assumed in full capacity 2,
What determines the position of t...
10  cards
Economic growth
Explain the long run underlying t...,
What has been the rate of growth ...,
What is the key to long run econo...
34  cards
Unemployment
Why are the unemployment rates in...,
What is the current unemployment ...,
What causes differences in unempl...
17  cards
Inflation
What is the inflation target rate 1,
What was the inflation in october...,
Explain how inflation negatively ...
16  cards
Monetary policy
When was the new monetary policy ...,
What is the role of the governmen...,
What is the role of the bank in t...
39  cards
Policy conflicts: the Phillips curve
What are 2 macroeconomic conflict...,
Describe the short run phillips c...,
What is the difference between sh...
9  cards
Fiscal policy
Describe the history of uk govern...,
Why does spending fluctuate so mu...,
What are reasons to why would the...
43  cards
Balance of payments
Define the balance of payments 1,
What are the 3 different sections...,
What does the current account rec...
19  cards
Exchange rates
What is the exchange rate 1,
How is the exchange rate determin...,
Give 5 factors that cause changes...
39  cards
International trade
What is absolute advantage 1,
Why did david ricardo suggest usi...,
What is comparative advantage 3
31  cards

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Macroeconomics flashcards

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