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Decks in this class (19)
Inflation Definitions
Inflation 2 1,
Deflation 3 2,
Disinflation 3 3
15
cards
Unemployement Definitions
Unemployment level 2 1,
Unemployment rate 2 2,
Underemployment 2 3
14
cards
Theme 2 Inflation + Unemployment
Real wage inflexibility 1,
Technological unemployment 2,
Regional unemployment 3
40
cards
Balance of Payments defintions
Balance of payments 1 1,
Current account 3 2,
Capital account 3 3
9
cards
Economic Growth Definitions
Gdp 2 1,
Gnp 2 2,
Gni 2 3
12
cards
Inflation (causes and problems)
Define inflation 7 1,
How is intentionally caused 2 2,
Name three causes of inflation 3
19
cards
Aggregate Supply and Demand Definitions
Aggregate demand 4 1,
Aggregate supply 2 2,
Consumption 1 3
12
cards
Unemployment (measures (pros+cons))
Define unemployment 1,
Define unemployment level 2,
Define under employment 3
21
cards
Balance of Payments (Deficit+Surpluses+Influences)
Define balance of payments 1,
Define current account 2,
Define balance of trade 3
32
cards
GDP (measures of NI, circular flow, multiplier, GDPmacrotarget)
An economy is in equilibrium when 1,
Define withdrawals and give examp...,
Define injections and give exampl...
65
cards
AD/AS analysis (components of AD and influencing factors)
Define aggregate demand 1,
Define aggregate supply 2,
What influences consumer expendit...
19
cards
Macroeconomic objectives and policies definitions
Fiscal policy 3 1,
Expansionary policies 3 2,
Tightening policies 3 3
22
cards
Macroeconomic objectives/polices and their conflicts/trade offs
Assess whether gdp growth should ...,
4 macroeconomic targets 2,
Economic growth rate 3
19
cards
Demand-side policies
Name the two types of demand side...,
Explain fiscal policy 2,
Explain monetary policy 3
20
cards
Supply-side policies
What is meant by a marginal tax r...,
Why might reducing tax rates supp...,
Market based policies define 3
28
cards
20 markers
Supply side policy in achieving e...,
Evaluate the demand side policy r...,
Evaluate the use of monetary poli...
4
cards
Factors influencing the exchange rate
Inflation 1,
Interest rates 2,
Speculation 3
5
cards
UK Economy Stats 2024
Annual growth rate 1,
Output gap 2,
Gdp capita 3
20
cards
UK MACRO ECONOMY STATS
Uk annual growth rate 1,
Uk quarterly growth rate q4 2022 2,
Annual growth forecast 2023 3
41
cards
More about
THEME 2
- Class purpose General learning
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