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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,
What are the 4 main variables use...,
What is economic growth
20
cards
4.2.1.2 macroeconomic indicators
What are macroeconomic indicators,
What is the gross domestic product,
What is the definition of real gdp
29
cards
4.2.1.3 uses of index numbers
What is an index number,
What s a base year,
How do we calculate the index number
9
cards
4.2.1.4 uses of national income data
When does economic growth occur,
What does gdp measure,
What does economic growth lead to
25
cards
4.2.2.1 the circular flow of income
What is the circular flow of income,
How do households contribute to t...,
What are the model s assumptions
16
cards
4.2.2.2 aggregate demand and aggregate supply analysis
What is aggregate demand,
What does the ad curve look like,
Why is the ad curve downward sloping
25
cards
4.2.2.3 the determinants of aggregate demand
What is the equation of aggregate...,
What is consumption,
What is investment
21
cards
4.2.2.4 aggregate demand and the level of econmic activity
What factors influence the level ...,
What is the multiplier effect,
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,
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,
The lras curve is vertical what d...,
What is the importance of the ins...
13
cards
4.2.3.1 economic growth and the economic cycle
What is short run growth,
What is long run economic growth,
What is the potential output of a...
35
cards
4.2.3.2 employment and unemployment
Define employment,
Define unemployment,
Define economically active
30
cards
4.2.3.3 inflation and deflation
Define inflationand what s the ma...,
We can measure inflation with the...,
What are some limitations of the cpi
48
cards
4.2.3.4 possible conflicts between macroeconomic policy objectives
Economic growth vs inflation expl...,
When does a negative output gap o...,
When does a positive output gap o...
17
cards
4.2.5.1 fiscal policy
What does fiscal policy involve,
What does fiscal policy aim to do,
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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