This class was created by Brainscape user Liam Livo. Visit their profile to learn more about the creator.
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Liam Livo
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Decks in this class (15)
UNIT 3 AOS 1
Relative scarcity,
Needs,
Wants
40
cards
UNIT 3 AOS 2
Material living standards,
Non material living standards,
Difference between non material a...
68
cards
Unit 3 AOS 3
Cause of current account deficit cad,
Terms of trade meaning,
Factors that influence terms of t...
8
cards
Sources of government revenue
Direct tax,
Indirect tax,
Top 3 revenue in the 2021 2022 fe...
3
cards
Government expenses
Government current expenditure,
Government capital expenditure,
Transfer payments
4
cards
The budget outcome
Balance budget,
Budget surplus,
Budget deficit
3
cards
Ways a government can finance a deficit or utilise a surplus
Ways to finance a deficit,
Crowding out,
Utilising a surplus
3
cards
Relationship between budget outcome and level of government debt
Relationship between budget outco...
1
cards
Automatic stabilisers
Automatic stabilisers,
Automatic stabilisers in influenc...
2
cards
Discretionary stabilisers
Discretionary stabilisers,
Discretionary stabilisers in infl...
2
cards
Budgetary stance
Budgetary stance,
Expansionary budget stance,
Contractionary budget stance
3
cards
Budget initiatives in past 2 years and their effect on macroeconomic goals
Jobkeeper,
Further personal income taxes,
Health spending
6
cards
Strengths and weaknesses of budgetary policy
Strengths,
Weaknesses
2
cards
U4AOS1 - Monetary Policy
Monetary policy,
The role of the rba with respect ...,
Transmission mechanisms cost of c...
16
cards
U4 AOS2
Aggregate supply policies,
Technical efficiency,
Allocative efficiency
16
cards
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Economics
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