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Decks in this class (31)
2.1 measures of economic performance
0
cards
2.1.1 economic growth
Economic growth 1,
What does gdp stand for 2,
Gdp 3
32
cards
2.1.2 inflation
Define inflation 1,
Define deflation 2,
Define disinflation 3
26
cards
2.1.3 employment and unemployment
Economically active 1,
Formula to calculate rate of empl...,
Working age population in the uk 3
22
cards
2.1.4 balance of payments
What is the bop 1,
3 components of bop 2,
What categories is recorded of fi...
3
cards
2.2 AD
0
cards
2.2.1 the characteristics of AD
What is ad 1,
What components make up ad 2,
Trade in goods trade surplus trad...
15
cards
2.2.2 consumption
5 factors that affect a household...,
Level of disposable income affect...,
Relationship between savings and ...
7
cards
2.2.3 Investment
What is investment 1,
What are capital goods 2,
How does investment contribute to...
14
cards
2.2.4 Government Expenditure
Influences on government expendit...,
What is the trade cycle 2,
Influences on government expendit...
5
cards
2.2.5 Net Trade
Main influences on the net trade ...,
What are exports and imports 2,
What is the net trade balance 3
10
cards
2.3 AS
0
cards
2.3.1 characteristics of AS
0
cards
2.3.2 Short-run AS
0
cards
2.3.3 Long-run AS
0
cards
2.4 National income
0
cards
2.4.1 National income
What is the circular flow of inco...,
What do households supply to busi...,
What do businesses give household...
11
cards
2.4.2 Injections and withdrawals
What are withdrawals 1,
3 withdrawals 2,
Savings 3
10
cards
2.4.3 Equilibrium levels of real national output
When injections are greater than ...,
When injections are less than wit...,
Increase in ad will result from a...
4
cards
2.4.4 The multiplier
What is the multiplier 1,
What factors affect the size of t...,
Marginal propensity to consume 3
10
cards
2.5 economic growth
0
cards
2.5.1 causes of growth
Factors causing sr eg 1,
What does sr eg mean 2,
How can sr eg be demonstrated 3
6
cards
2.5.2 output gaps
Actual growth 1,
What is actual growth the same as 2,
Potential growth 3
18
cards
2.5.3 trade (business) cycle
What is a boom 1,
Characteristics of a boom 2,
What is a recession 3
4
cards
2.5.4 the impact of EG
Impact of eg on consumers 1,
Impact of eg on government 2,
Impact of eg on firms 3
4
cards
2.6 Macro Economic Objectives And Policies
0
cards
2.6.1 Possible Macro Objectives
7 possible objectives 1
1
cards
2.6.2 DSP b) Monetary Policy Instruments
Monetary policy 1,
Contractionary monetary policy 2,
Expansionary monetary policy 3
32
cards
2.6.2 DSP a) Distinction Between Monetary And Fiscal Policy
Who is responsible for setting mo...,
What does monetary policy involve 2,
What does monetary policies hope ...
7
cards
2.6.2 c) Fiscal Policy Instruments
Expansionary fiscal policy 1,
Expansionary fiscal policy 2,
Contractionary fiscal policy 3
3
cards
2.6.2 DSP d) Distinction Between Gov Budget Deficit And Surplus
What is the gov budget 1,
What does a balanced budget mean 2,
What is a fiscal budget deficit 3
4
cards
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economics theme 2
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