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Liv Wood
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Decks in this class (16)
4.2.1.1 the objectives of government economic policy
What are macroeconomic objectives 1,
What are the 4 main macroeconomic...,
What is economic growth 3
20
cards
4.2.1.2 macroeconomic indicators
What are macroeconomic indicators 1,
What is the gross domestic product 2,
What is the definition of real gd...
29
cards
4.2.1.3 uses of index numbers
What is an index number 1,
What s a base year 2,
How do we calculate the index num...
9
cards
4.2.1.4 uses of national income data
When does economic growth occur 1,
What does gdp measure 2,
What does economic growth lead to 3
25
cards
4.2.2.1 the circular flow of income
What is the circular flow of inco...,
How do households contribute to t...,
What are the model s assumptions 3
16
cards
4.2.2.2 aggregate demand and aggregate supply analysis
What is aggregate demand 1,
What does the ad curve look like 2,
Why is the ad curve downward slop...
25
cards
4.2.2.3 the determinants of aggregate demand
What is the equation of aggregate...,
What is consumption 2,
What is investment 3
21
cards
4.2.2.4 aggregate demand and the level of econmic activity
What factors influence the level ...,
What is the multiplier effect 2,
What is the size of the multiplie...
10
cards
4.2.2.5 determinants of short-run aggregate supply
What are the main determinants of...,
What shifts the sras curve 2,
What are some examples of the det...
3
cards
4.2.2.6 determinants of long-run aggregate supply
What are the determinants of lras 1,
Its assumed that the lras curve i...,
What is the importance of the ins...
13
cards
4.2.3.1 economic growth and the economic cycle
What is short run growth 1,
What is long run economic growth 2,
What is the potential output of a...
35
cards
4.2.3.2 employment and unemployment
Define employment 1,
Define unemployment 2,
Define economically active 3
30
cards
4.2.3.3 inflation and deflation
Define inflation and what s the m...,
Recap we can measure inflation wi...,
What are some limitations of the ...
48
cards
4.2.3.4 possible conflicts between macroeconomic policy objectives
Economic growth vs inflation 1,
When does a negative output gap o...,
When does a positive output gap o...
17
cards
4.2.5.1 fiscal policy
What is fiscal policy 1,
What does fiscal policy aim to do 2,
What does the government spend th...
39
cards
4.2.5.2 supply-side policies
0
cards
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MACRO ECONOMICS
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