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Decks in this class (11)
L2
Define gdp 1,
What is meant by market value and...,
What economic activities are exem...
20
cards
Classical Approach
What does consumption depend on i...,
2 assumptions regarding c c y t i...,
Define marginal propensity to con...
34
cards
L5
Define inflation deflation 1,
Define inflation rate 2,
What is hyperinflation 3
31
cards
IS-LM
What are business cycles 1,
4 phases of business cycles 2,
What is the frequency of business...
20
cards
IS-LM P2
Initially we assumed when looking...,
Learn diagram deriving is lm curve 2,
What does is lm stand for 3
25
cards
AD-AS Model
Explain the mechanism that depict...,
Shifts in ad curve 2,
In the long run what shape is the...
27
cards
Unemployment
Define labour force 1,
Define economically active 2,
Define economically inactive 3
29
cards
Relationships Between GDP, U And Inflation
What two factors affect ngdp 1,
Difference between ngdp and gdp 2,
What does the gdp deflator measure 3
8
cards
Economic Growth L13+14
What is technological knowledge i...,
Why is the classical model unable...,
What does the solow model explain 3
26
cards
Open Economy
Define balance of payments 1,
What is the bofp made up of 2,
What are inflows 3
53
cards
Exam Stuff
How to answer a long question 5 s...,
Mpc 4 2,
Government purchaser multiplier 2 3
24
cards
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Year 1 - Macro
- Class purpose General learning
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