1
Q
What factors will shift AS to the right
A
⚫️cheaper imported materials
⚫️better technology
⚫️lower benefits
⚫️NMW
⚫️more capital
⚫️lower rates of interest
⚫️greater population of working ager
2
Q
What does AS mean
A
⚫️total of all planned production
➡️in an economy
➡️at each price level
⚫️vertical part of AS curve
➡️represents capacity of the economy
Economics unit 2
flashcards
Decks in class (21)
# Cards
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Unit 2 key words2
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1) Introduction Of Macroeconomics2
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2) Circular Flow Of Income Model10
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3) Measuring The National Income11
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4) Calculating Index Numbers3
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16) Conflicts Between The Macroeconomic Objectives Including phillips Curve6
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17) Macroeconomic Policy2
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18) Demand Management(1) FISCAL POLICY36
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5) The Economic/ Business Cycle9
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6) Aggregate Demand28
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9) The Muliplier11
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10) Economic Growth15
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11)inflation27
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12) unemployment19
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13) Balance Of Payments12
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14) Exchange Rates12
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15) Income Distrubution4
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19)demand Management (2): Monetary Policy34
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20) Supply Side Policies23
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21) Economic Development15
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(7) Aggregate Supply2
