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Decks in this class (24)
2.1.1 Economic growth
What is gdp 1,
Whats the difference between shor...,
What are demand side shocks 3
13
cards
2.1.2- Inflation
What is inflation 1,
What is deflation 2,
What is disinflation 3
28
cards
2.1.3 Employment and Unemployment
What is the labour force 1,
Who are economically inactive peo...,
What is unemployment 3
23
cards
2.1.4 Balance of payments
What is a balance of payments 1,
What are the elements of the curr...,
What is the balance of trade 3
22
cards
2.2.1 The Characteristics of AD
What is aggregate demand 1,
What is the equation for ad 2,
What are the components of ad 3
10
cards
2.2.2- Consumption
What is consumption 1,
Whats the equation for marginal p...,
What are the factors effecting co...
10
cards
2.2.3- Investment
What is investment 1,
Difference between gross and net ...,
Factors affecting investment 3
4
cards
2.2.4 Government expenditure
What influences gov expenditure 1,
What happens in a boom 2,
What happens in a slump slowdown 3
8
cards
2.2.5 Net trade (X-M)
What are the influences on net tr...,
How does real income effect net t...,
How does exchange rates effect ne...
5
cards
2.3.1- Characteristics of AS
What is aggregate supply 1,
What happens in the mass unemploy...,
What happens in the curved sectio...
7
cards
2.3.2 + 2.3.3 - Short and long run AS (Classical)
What are assumptions made about t...,
Why does the sras slope have a up...,
What does the shape of the sras c...
8
cards
2.4.1 + 2.4.2 National income, injections and withdrawals
What are the measures of economic...,
What is the circular flow of inco...,
What is income 3
9
cards
2.4.3- Equilibrium levels of national output
Where is equilibrium 1,
What is the impact of a shift 2,
Where does unemployment exist on ...
7
cards
2.4.4 The Multiplier
What is the multiplier 1,
How to calculate the multiplier 2,
What is the size of the multiplie...
6
cards
2.5 Economic Growth
Whats the difference between pote...,
What are the factors that lead to...,
What causes actual growth 3
9
cards
2.6.2 Demand side policies
What is monetary policy 1,
What is the base rate 2,
Why does mpc control the monetary...
42
cards
2.6.3 Supply side policies
What are supply side policies 1,
What is the neo liberal classical...,
What is the interventionist keyne...
9
cards
2.6.4 Conflicts with trade offs
What is the philips curve 1,
Explain the philips curve 2,
What are the three examples of ma...
8
cards
4.1.2 Specialisation and trade
What is trade 1,
What is free trade 2,
What is david ricardos belief 3
8
cards
4.1.4 Terms of trade
What is the terms of trade index 1,
Whats the equation for terms of t...,
What is worsening of terms of tra...
16
cards
4.1.6 Restrictions on trade
What are the arguments for protec...,
What is the infant industry argum...,
Against the infant industry argum...
17
cards
4.1.7 Balance of payments
What is the balance of payments 1,
What are the elements of the curr...,
Current account imbalances 3
22
cards
4.1.8 Exchange rates
What are exchange rates 1,
What is a floating exchange rate 2,
What is a fixed exchange rate 3
7
cards
4.1.9 International competitiveness
0
cards
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