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Decks in this class (27)
Macro objectives of government (growth,unemployment,inflation,trade TIGERS)
What is macroeconomics 1,
What are the indicators to the go...,
What is the macro objective of tr...
8
cards
Circular Flow of Income & Measures of GDP
What is the circular flow of inco...,
What do households provide in the...,
What do households receive from f...
20
cards
Index Numbers
What are index numbers 1,
What is the base year usually ass...,
What are the advantages of using ...
4
cards
Agreggate demand - shifts & the downward slope
What is aggregate demand 1,
What is the equation of ad 2,
What is the diagram of ad 3
8
cards
Consumer spending & Aggregate Demand
How much does consumer spending a...,
What is the marginal propensity t...,
What is the multiplier effect 3
11
cards
Savings and Aggregate Demand
How are savings related to ad 1,
How is the level of disposable in...,
How is interest rates a factor of...
7
cards
Investment & Aggregate Demand
What is investment in ad 1,
What is the marginal propensity t...,
What are the 6 main determinants ...
12
cards
Government spending & AD
What are the 4 types of governmen...,
Give an example of current spendi...,
Give 2 examples of capital spendi...
7
cards
Net Exports & Aggregate Demand
What is net exports 1,
What are the determinants of net ...,
Why is real disposable income abr...
7
cards
Aggregate supply - SRAS & LRAS
What is aggregate supply as 1,
What determines the position of t...,
Why is the sras curve upward slop...
27
cards
Macroeconomic Equilibrium
Define macroeconomic equilibrium 1,
Where is macroeconomic equilibriu...,
Where is macroeconomic equilibriu...
4
cards
Macroeconomic Equilibrium Shifts - AD, SRAS, LRAS
Front 1,
What is macroeconomic equilibrium 2,
What components make up ad 3
17
cards
AS/AD shifts & macro indicators
When ad shifts to the right what ...,
When ad shifts to the right what ...,
When ad shifts to the right what ...
9
cards
Multiplier Effect & Accelerator
Define multiplier effect 1,
What is the equation of the multi...,
Why is the multiplier effect dete...
8
cards
Output Gaps
What is a negative output gap 1,
What is another name for a negati...,
What is a positive output gap 3
5
cards
Measures of economic growth & living standards
Define gdp 1,
What two measures is gdp used for 2,
What are the cons of gdp for meas...
12
cards
Causes of Economic Growth (Short Run and Long Run)
Define economic growth 1,
What is the equation of ad 2,
Define short run growth actual gr...
20
cards
The Economic Cycle (Business Cycle) - Stages, Characteristics and Causes
What are the four phases of the e...,
What is a boom 2,
What is a recession 3
15
cards
Costs and Benefits of Economic Growth for Living Standards (With Evaluation)
Define growth 1,
Define material living standards 2,
Define non material living standa...
7
cards
How is Unemployment Measured? - Labour Force Survey (LFS)
Define unemployment 1,
What are the main two methods of ...,
What is the labour force survey 3
7
cards
Types and Causes of Unemployment (Cyclical, Structural, Frictional and more)
What are the two main categories ...,
What is disequilibrium unemployme...,
What are the two types of disequi...
31
cards
The Natural Rate Of Unemployment
Where does the nru occur 1,
What types of unemployment does n...,
Why is it impossible to achieve 0...
10
cards
Costs and Benefits of Unemployment
What are the 6 main costs of unem...,
What are the 4 main benefits of u...,
What are the evaluation points of...
7
cards
The CPI Inflation Measure - Constructing and Calculating a CPI Index
Define inflation 1,
What does cpi stand for 2,
What is the process of getting th...
10
cards
Causes of Inflation - Demand Pull and Cost Push Inflation
What are the two types of inflati...,
Define demand pull inflation 2,
Define cost push inflation 3
9
cards
Costs and Benefits of Inflation
What are the 6 costs of inflation 1,
Why is a lower purchasing power a...,
Why is erosion of savings a cost ...
13
cards
Deflation- Causes And Consequences (Deflation Can Be Deadly!)
What is deflation 1,
Why can deflation appear benefici...,
Why is deflation often harmful de...
20
cards
More about
AQA Economics (Year 1 Macro)
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