1
Q
what does C stand for in AD equation
A
household spending on GaS
1
Q
what is the formula for aggregate demand
A
AD = C + I + G (X-m)
2
Q
what does I stand for in the AD equation
A
investment in capital - ie producers spending money on capital
3
Q
what does the G stand for in the AD equation
A
government spending on public goods (service and infrastructure)
4
Q
what is X in AD equation
A
exports income
5
Q
what is m in the AD equation
A
spending on importd
Economics - Unit 2 MACRO
flashcards
Decks in class (27)
# Cards
-
Market changes - Revision8
-
Aggregate Demand6
-
Government + Interest7
-
base index5
-
Macro Economic Objectives - Economic Growth - GDP9
-
Economic Cycle6
-
Macro economic objectives - Employment10
-
Impact of unemployment on Economic Agents + Factors affecting4
-
Macro economic objectives - Inflation11
-
Effects of Inflation7
-
Inflation - Winners vs Losers + Control6
-
Macro economic objectives - Inequality14
-
Macro economic objectives - Balance of Payments15
-
Fiscal Policy - Contractionary vs Expansionary13
-
Fiscal Policy - Achieving government objectives + Budget surplus vs deficit8
-
Fiscal Policy - Taxation12
-
Monetary Policy12
-
Monetary Policy - Economic Objectives4
-
2.5 Role of Money8
-
2.5 Financial Sector13
-
Exchange Rates10
-
Factors affecting exchange rate6
-
Effects of exchange rate on consumers and producers11
-
Free Trade Agreements5
-
Globalisation5
-
Globalisation - Pros and Cons to Developed Economies6
-
Globalisation - pros and cons developing economies6
