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james smith
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Decks in this class (26)
2.1.1 Measuring Economic Growth
What are the four main macroecono...,
What are macroeconomic indicators 2,
What is the equation for converti...
32
cards
2.1.2 Inflation
Inflation 1,
Inflation causes a fall in the va...,
Deflation 3
34
cards
2.1.3 Employment
Who is considered to be unemployed 1,
What are the two ways of defining...,
When is the employment rate used 3
36
cards
2.2.1 Aggregate Demand (AD)
Calculation for aggregate demand 1,
How does aggregate demand if ther...,
How does aggregate demand if ther...
22
cards
2.2.2 Consumption (C)
Consumption 1,
What does an increase in consumpt...,
How significant is changes in con...
10
cards
2.2.3 Investment (I)
Investment 1,
Gross investment 2,
Net investment 3
15
cards
2.2.4 Government expenditure (G)
The manner in which a country s g...,
What is government expenditure 2,
How significant is changes in gov...
12
cards
2.2.5 Net trade (X-M)
Exports 1,
Imports 2,
Net exports 3
10
cards
2.3.1 Characteristics of Aggregate Supply
Aggregate supply as 1,
Two types of aggregate supply 2,
What is sras influenced by 3
18
cards
2.3.2 Short-run Aggregate Supply (SRAS)
Factors affecting the short run a...,
What does a reduction in the cost...,
Examples of events causing a cont...
12
cards
2.3.3 Long-run Aggregate Supply
Long run aggregate supply lras 1,
Two types of lras 2,
Factors determing lras 3
18
cards
2.4.1 National income
Circular flow 1,
Circular flow diagram 2,
National output 3
14
cards
2.4.2 Injections and withdrawals
Economic agents 1,
Blank 2,
Circular flow closed economy 3
8
cards
2.4.3 Equilibrium levels of real national output
Where does macroeconomic equilibr...,
How do shifts in aggregate demand...,
How do shifts in aggregate demand...
6
cards
2.4.4 The Multiplier
The multiplier ratio 1,
Explain the multiplier effect 2,
What idea is the multiplier proce...
23
cards
2.5.1 Causes of economic growth
Short run economic growth 1,
Long run economic growth 2,
How is short run growth shown on ...
8
cards
2.5.2 Output gaps
Negative output gap also called a...,
Positive output gap also called a...,
Trade cycle diagram showing outpu...
4
cards
2.5.3 The Trade Cycle
The trade business cycle 1,
What is a boom 2,
What is a recession 3
11
cards
2.5.4 The impact of economic growth
What is the main contributor to i...,
Benefits of economic growth 2,
Costs of economic growth 3
7
cards
2.6.1 Possible macroeconomic objectives
Possible macroeconomic objectives 1,
Target rate for economic growth i...,
Economic growth has positive impa...
16
cards
2.6.2 Demand-side policies
What are the two different types ...,
Aim of demand side policies 2,
Aim of demand side policies 3
45
cards
2.6.3 Supply-side policies
Are supply side policies short te...,
Aim of supply side policies 2,
What do supply side involve 3
23
cards
2.6.4 Conflicts and trade-offs between objectives and policies links to Fiscal
Meaning of trade offs between mac...,
The short run phillips curve 2,
Trade off between economic growth...
11
cards
UK MACRO ECONOMY STATS
Uk annual growth rate 1,
Uk quarterly growth rate q4 2022 2,
Annual growth forecast 2023 3
42
cards
Uk economy Application
Wwhat is the uk government target...,
What is the uk unemployment rate ...,
What is the uk target unemploymen...
14
cards
Fiscal policy
What does fiscal policy influence 1,
Blank 2
2
cards
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