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Omar Moti
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Decks in this class (23)
Macro 1-4
What 7 things should successful e...,
Circular flow of income model,
Injections into the circular flow...
83
cards
Macro 5 - Aggregate supply
Aggregate supply definition,
What does the keynesian aggregate...,
What is the first main section of...
25
cards
Macro 6 - Macroeconomic Equilibrium
When does macroeconomic equilibri...,
What happens when equilibrium occurs,
What happens if aggregate demand ...
14
cards
Macro 7 - Inflation
Inflation definition,
What are sustained periods of ext...,
What is deflation
37
cards
Macro 8 - Causes and consequences of Inflation
Why do prices rise,
Why does demand pull inflation occur,
Illustrate demand pull inflation ...
35
cards
Macro 9 - Unemployment
What is unemployment,
Who are not classed as unemployed,
Who are people who are economical...
11
cards
Macro 10 - Causes/consequences of unemployment
What are the advantages of the il...,
What are the advantages of the cl...,
What are the 5 causes of unemploy...
36
cards
Macro 11 - Economic growth
Short run economic growth definition,
Long run economic growth definition,
How does long run economic growth...
7
cards
Macro 12 - Causes/consequences of economic growth
Show using a diagram how in the s...,
Show using a diagram how in the s...,
What are the 6 benefits of econom...
28
cards
Macro 13 - Multiplier
Define the multiplier effect,
Define the negative multiplier ef...,
Explain the multiplier
14
cards
Macro 15 - fiscal policy.
Define fiscal policy,
What can the government change in...,
What can the governmentchange abo...
44
cards
Macro 15 - The budget position.
Define the government budget,
What is a budget deficit,
What is a budget surplus
26
cards
Macro 16 - Monetary policy
Define monetary policy,
What target is achieved by using ...,
What is the main method of moneta...
29
cards
Macro 17 - supply side policies
Define supply side policies,
What happens if supply side polic...,
Explain the 2 types of supply sid...
37
cards
Macro 18 - conflict between macro objectives
What is the problem,
Explain the conflict that arises ...,
Explain the conflict that arises ...
10
cards
Macro 19 - balance of payments
Define balance of payments,
What are the 2 functions of balan...,
What 3 components are balance of ...
24
cards
Macro 20 - imbalances in the balance of payments.
What is the affect of a current a...,
Define the current account,
Define current account surplus
27
cards
Macro 21 - Exchange rates
Define exchange rates,
What does an increase in the valu...,
What does a decrease in the value...
16
cards
macro 22 fiscal policy
Define fiscal policy,
What does the laffer curve suggest,
What 3 things will happen if you ...
34
cards
macro 23 monetary policy
Define monetary policy,
What are the roles of the central...,
What is the inflation target and ...
17
cards
Macro 24 philips curve and quantity theory of money
Define neoclassical economics,
What did the neoclassicals think ...,
What happens if ad increases acco...
20
cards
macro 25 inflation and deflation
Define deflation,
What are the 2 main causes of def...,
What is aggregate supply usually ...
8
cards
macro 26-27 globalisation/international trade
Defien,
Causes of globalisation,
Explain as a cause of globalisation
52
cards
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Macroeconomics OMAR
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