Economics Theme 2

This class was created by Brainscape user Millie Adkins. Visit their profile to learn more about the creator.

Decks in this class (23)

2.1.1- Economic Growth
What is economic growth 1,
What is gross domestic product 2,
What are real values 3
24  cards
2.1.2- Inflation
What is inflation 1,
What is the uk target per annum f...,
What is deflation 3
33  cards
2.1.3- Employment
What is unemployment 1,
What is long term unemployment 2,
What is youth unemployment 3
25  cards
2.1.4-Balance Of Payments
What is balance of payments 1,
What is balance of payments made ...,
What is the current account 3
22  cards
2.2.1- The Characteristics Of AD
What is aggregate demand 1,
What is the formula for ad 2,
What is consumption 3
18  cards
2.2.2- Consumption
What is consumption 1,
What is disposable income 2,
Where does income come from 3
23  cards
2.2.3- Investment
What is investment 1,
What is gross investment 2,
What is net investment 3
16  cards
2.2.4- Government Spending
What are the influences on govern...,
How does the trade cycle influenc...,
What is fiscal policy 3
13  cards
2.2.5- Net trade
What is net trade 1,
When is the trade balance in surp...,
When is the trade balance in defi...
12  cards
2.3.1 And 2.3.2- AS
What is aggregate supply 1,
Why is the curve upward sloping 2,
What is short run 3
9  cards
2.3.3- Long Run AS
What is as like in the long run o...,
Can lras be exceeded on the class...,
What does the keynesian diagram s...
14  cards
2.4.1- National Income
What is income 1,
What is wealth 2,
What are injections 3
6  cards
2.4.4- The Multiplier
What is the multiplier ratio 1,
What is the multiplier effect 2,
How does the multiplier effect wo...
17  cards
2.5.1- Causes Of Growth
What are the factors that affect ...,
How do changes to land cause econ...,
What is an example of a developin...
18  cards
2.5.2- Output Gaps
What is an output gap 1,
What is long run trend rate of gr...,
Why are output gaps difficult to ...
5  cards
2.5.3-Trade Cycle
What is the trade cycle 1,
What is a boom 2,
Why are booms short lived 3
14  cards
2.6.1- Possible Macroeconomic Policies
What are the 7 key macroeconomic ...,
What is the gov aim for balance o...,
What is the aim for unemployment 3
14  cards
Influence Of Exchange Rate On GMEOs
What happens to import prices whe...,
What happens to the cost of raw m...,
What happens to interest rates if...
9  cards
2.6.2- Demand Side Policies
What is a demand side policy 1,
What is monetary policy 2,
What does the money supply include 3
74  cards
2.6.3- Supply Side Policies
What do supply side policies aim ...,
What is a free market ssp 2,
What is an interventionist ssp 3
13  cards
2.6.4- Comflicts And Tradeoffs Between Objectives And Policies
What is the trade off between gro...,
What is an example of conflicts b...,
What happens if the economy grows...
13  cards
Country profiles
What is the uk s latest annual gd...,
What is the uk s gdp or gni per c...,
What is the uk s current inflatio...
76  cards
Industry Profiles
What type of market structure is ...,
Who regulates the uk energy market 2,
What is the function of energy su...
60  cards

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Economics Theme 2

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