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james smith
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Decks in this class (26)
2.1.1 Measuring Economic Growth
Benefits of economic growth,
What are macroeconomic indicators,
What is the equation for converti...
31
cards
2.1.2 Inflation
Inflation,
Inflation causes a fall in the va...,
Deflation
34
cards
2.1.3 Employment
Who is considered to be unemployment,
What are the two ways of defining...,
When is the employment rate used
36
cards
2.2.1 Aggregate Demand (AD)
Calculation for aggregate demand,
How does aggregate demand if ther...,
How does aggregate demand if ther...
21
cards
2.2.2 Consumption (C)
Consumption,
What does an increase in consumpt...,
Is consumption a large component ...
10
cards
2.2.3 Investment (I)
How can investment be done,
Gross investment,
Net investment
15
cards
2.2.4 Government expenditure (G)
The manner in which a country s g...,
What is government expenditure,
How significant is changes in gov...
12
cards
2.2.5 Net trade (X-M)
Exports,
Imports,
Net exports
10
cards
2.3.1 Characteristics of Aggregate Supply
Aggregate supply,
Two types of aggregate supply,
What is sras influenced by
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,
Two types of lras,
Factors determing lras
18
cards
2.4.1 National income
Circular flow,
Circular flow diagram,
National output
13
cards
2.4.2 Injections and withdrawals
Economic agents,
Circular flow closed economy,
Examples of closed economies
7
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,
What idea is the multiplier proce...,
What will the multiplier effect d...
18
cards
2.5.1 Causes of economic growth
Short run growth actual growth,
Long run growth actual growth,
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,
What is a boom,
What is a recession
11
cards
2.5.4 The impact of economic growth
What is the main contributor to i...,
Benefits of economic growth,
Costs of economic growth
7
cards
2.6.1 Possible macroeconomic objectives
Possible macroeconomic objectives,
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,
Aim of demand side policies
45
cards
2.6.3 Supply-side policies
How can we raise the quantity of ...,
Training of the labour market,
What do supply side involve
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,
Trade off between economic growth...
11
cards
UK MACRO ECONOMY STATS
Uk annual growth rate,
Uk quarterly growth rate q4 2022,
Annual growth forecast 2023
42
cards
Uk economy Application
What 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,
2
cards
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theme 2
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