This class was created by Brainscape user Adam Johnson. Visit their profile to learn more about the creator.
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Adam Johnson
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Decks in this class (13)
Measuring the Macroeconomy
Define economic growth,
What are business cycles and what...,
What causes unemployment to incre...
17
cards
Circular flow of incomes
What is a barter economy and what...,
What does money allow for and wha...,
Define the circular flow
12
cards
Measures of national income, output and expenditure
Describe the output method of mea...,
How do you avoid double counting ...,
What is the difference between gv...
12
cards
Interpreting National income and output measures
What makes up the private sector,
What makes up the public sector,
What makes up the foreign sector
7
cards
The Aggregate Demand Curve
What is then nbps and what is it ...,
What happens to the nbps if there...,
What is inside wealth and what ha...
13
cards
Aggregate Expenditure and The multiplier
What does the multiplier do,
Whats the formula for ae,
What s the formula for consumption
9
cards
Business Cycles and Aggregate Spending
What are business trade cycles,
When were the first industrial cy...,
How many cycles were there from 1...
16
cards
The determinations of wages, prices and supply
What is labour in terms of the sh...,
What factors are likely to influe...,
How does p and pe contribute to t...
17
cards
Business Cycles and Unemployment
Why does gdp fluctuate causing tr...,
2
cards
The AD-AS model
Check word document for graphical models of AD-AS shifts
14
cards
The Classical Model of Economic Growth
What is the definition of economi...,
Why do we measure growth in real ...,
P
18
cards
The Modern Approach to Economic Growth
What did moses abramowitz say in ...,
What the formula for total output q,
What is the formula for national ...
19
cards
Economic Growth: Evidence, Benefits and costs
What are the main 3 benefits of e...,
What types of costs are there name 6,
What are the opportunity costs of...
9
cards
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Macroeconomics
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