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Macro year 1

This class was created by Brainscape user Lilly BODE-HYACINTHE. Visit their profile to learn more about the creator.

By: Lilly BODE-HYACINTHE
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Decks in this class (14)

circular flow of income
Definition of circular flow of in...,
What does the simplified model co...,
What are the limitations of the s...
12  cards
aggregate demand
Definition of aggregate demand 1,
What does aggregate demand consis...,
Expression for ad 3
16  cards
aggregate supply
Aggregate supply definition 1,
Short run classical as 2,
Factors that affect sras 3
8  cards
the multiplier and accelerator
Multiplier definition 1,
How does the multiplier work 2,
Multiplier equation 3
19  cards
the business cycle
What does the business cycle show 1,
Characteristics of a boom 2,
Recession definition 3
15  cards
output gaps
What is an output gap 1,
Negative output gap definition 2,
Positive output gap definition 3
6  cards
economic growth
Economic growth definition 1,
Real gdp 2,
Nominal gdp 3
25  cards
unemployment
What is the claimant count 1,
What is the ilo international lab...,
How is the data for the ilo s une...
36  cards
inflation
Definition of inflation 1,
Inflation rate 2,
Deflation definition 3
27  cards
macro objectives
What are the 5 core macro objecti...,
Non core macro objectives 2
2  cards
balance of payments
What is the balance of payment 1,
What is the balance of payments m...,
What the tje current account made...
21  cards
governemnt budget
What is the government budget 1,
What is a budget deficit 2,
What is a budget surplus 3
14  cards
fiscal policy
What is the laffer curve diagram 1,
What relationship does the laffer...,
What premise is the laffer curve ...
23  cards
monetary
What is monetary policy 1,
How does a change in the base rat...,
How does a change in a commercial...
15  cards

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Macro year 1

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