This class was created by Brainscape user sophie Mitchell.

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Decks in this class (16)

4.2.1.1 Objectives of government economic policy (MEPO's) - Booklet 1
What is a policy objective mepo s 1,
What is a policy instrument 2,
What is a policy indicator 3
17  cards
4.2.1.2 Macroeconomic indicators - Booklet 2
What are the key macroeconomic in...,
How is economic growth measured 2,
How is unemployment rate level me...
44  cards
4.2.2.1 - The Circular Flow of Income: Booklet 3
What is the circular flow of inco...,
What is national income 2,
What are the three different meth...
24  cards
4.2.2.3 The determinants of AD - Booklet 4
What is aggregate demand ad defin...,
What is a characteristic of consu...,
What are the components of aggreg...
47  cards
4.2.2.3 The determinants of AD - Booklet 5
What is investment i 1,
Extra info about investment i 2,
What is the equation for gross in...
53  cards
4.2.2.5 Determinants of short-run aggregate supply - Booklet 6
What is aggregate supply as 1,
What is long run aggregate supply...,
What is short run aggregate suppl...
28  cards
4.2.2.6 Determinants of long-run aggregate supply - Booklet 7
Features of lras 1,
What are the fundamental determin...,
What does outward shift of lras s...
21  cards
4.2.2.2 Aggregate demand and aggregate supply analysis - Booklet 8
What is macroeconomic equilibrium 1,
What is the impact on macroeconom...,
What is the impact on macroeconom...
9  cards
4.3.2.1 Economic growth and the economic cycle - Booklet 9
What is the definition of short r...,
What is the definition of long ru...,
What are the demand side and supp...
62  cards
3.2.3.3 Inflation and Deflation - Booklet 10
What is inflation 1,
What is the extreme case of infla...,
What is deflation 3
69  cards
3.2.3.2 + 4.3.2.3 Employment and Unemployment - Booklet 11
What is a negative output gap lin...,
What do supply side causes of une...,
What is the definition of cyclica...
89  cards
3.2.3.5 Possible conflicts between macroeconomic policy objectives - Booklet 12
Give examples of possible macro c...,
Explain conflict of economic grow...,
Give extra info on conflict betwe...
25  cards
3.2.3.4 Balance of Payments on the Current Account - Booklet 13
What is the balance of payments b...,
What are inflows of foreign curre...,
What are outflows of foreign curr...
36  cards
3.2.4.2 Fiscal Policy - Booklet 14
Explain what fiscal policy is 1,
List some of the roles of fiscal ...,
List the main areas of fiscal pol...
75  cards
3.2.4.1 Monetary Policy - Booklet 15
What does monetary policy involve 1,
What is monetary policy 2,
What are interest rates their inv...
20  cards
calculations
Finding the index number for year...,
Finding the real gdp in year y 2,
Finding the nominal gdp per capita 3
12  cards

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Macroeconomics

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