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Economics Theme 2

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

By: Ria Bachetta
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Decks in this class (14)

LS1 - Introduction
Who are the key players in the ec...,
What is the governments role in t...,
Define industry
15  cards
LS2 Measures Of Economic Performance
What is a macroeconomic aggregate,
How do you calculate an index number,
What is a nominal value
20  cards
LS3 AD
What does a balance of payments a...,
What does a current account show,
What does the capital and financi...
30  cards
LS4 AS
Why is the macroeconomic supply c...,
In reference to the short run agg...,
Is the short run aggregate supply...
13  cards
LS5 Circular Flow
What are injections and leakages,
What does the circular flow of in...,
Define national output
11  cards
LS6 Classical And Keynesian
What do both keynesian and classi...,
What is aggregate demand made up of,
What are some examples of what co...
16  cards
L7 Multiplier Effect
What is the multiplier effect,
What is the multiplier determined by,
What is the formula for the margi...
13  cards
LS8 Inflation
Define inflation,
Define inflation ratehow is it me...,
Describe the cpihow it s done
15  cards
LS9 Employment And Balance Of Payments
What are the causes of unemployment,
Describe in detail frictional une...,
Describe in detail seasonal unemp...
18  cards
LS10 Economic Growth
State the factors which can cause...,
What could change long run econom...,
Explain the impact of land as a c...
34  cards
Ls11 Macroeconomic Objectives
What are the four variables which...,
Describe economic growth as a mac...,
Describe unemployment employment ...
8  cards
LS12 Demand Side Policies
Define monetary policy,
Describe fiscal policy,
How does the government use inter...
26  cards
LS13 Supply-side Policies
What is supply side economics,
Describe the impact of supple sid...,
How do we show the effect of a su...
29  cards
LS14 Conflicts Between Macro-objectives
What are some macroeconomic objec...,
Be able to draw a diagram which c...,
What does a successful and sustai...
11  cards

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Economics Theme 2

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