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j l
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Decks in this class (13)
Introduction to macroeconomics
Income flow fop cop,
Other flows leakage withdrawals stm,
Other flows injections igx
20
cards
Aggregate demand and shifts in AD curve (C)
Define aggregate demand,
Ad curve,
Why is the ad curve downward sloping
15
cards
GDP & GNP
Gdp gross domestic product,
Gnp gross national product income,
Diff between gnp and gdp
8
cards
Shifts in AD curve (I)
Define investment,
Changes in investment level reasons,
Rate of interest
7
cards
Shifts in AD curve (G) (X-M)
Gov expenditure,
Gov expenditure recession,
Net exports
4
cards
Low Employment
Define unemployment,
Define full employment,
Economically active population
15
cards
Measures to reduce cyclical unNt: EFP
Define expansionary fiscal policy,
Increase g,
Lower taxes t
11
cards
Measures to reduce cyclical unNt: EMP
Define expansionary monetary poli...,
How does emp work,
Strength of emp
12
cards
Low and stable rate of inflation
Define inflation,
Degrees of inflation,
Mild inflation
15
cards
Effects on inflation
Production investment employment ...,
Production investment employment ...,
Factors that determine extent of ...
4
cards
Contractionary Fiscal Policy
Define contractionary fiscal policy,
Example of contractionary fiscal ...,
Reduce g
12
cards
Contractionary Monetary Policy (CMP)
Define contractionary monetary po...,
Examples of cmp,
Strengths of cmp
11
cards
Aggregate supply
Define aggregate supply,
Why is the sras curve upward sloping,
Factors that cause sras to shift
9
cards
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Economics course vol 1
- Class purpose General learning
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