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Niamh Steadman
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Decks in this class (23)
2.1.1 Economic Growth
What is gdp,
Which are the three ways you can ...,
List the 5 main expenditures that...
43
cards
2.1.2 Inflation
What is inflation,
Does inflation lead to an increas...,
What is inflation measured in
25
cards
2.1.3 Employment and Unemployment
What is the official measure of u...,
What is the labour force survey,
Definition of unemployed
48
cards
2.1.4 Balance of Payments
What is the balance of payments bop,
What is trade,
What are exports
31
cards
2.2.1 Aggregate Demand
Define aggregate demand,
Name the 4 components of aggregat...,
What is the largest element of ex...
14
cards
2.2.2 Consumption
Define consumption,
What are the main sources of inco...,
What are factor returns factor re...
28
cards
2.2.3 Investment
What is investment,
What is included under the capita...,
What is a capital good
30
cards
2.2.4 Government Spending
What are the main areas of govern...,
What is a budget deficit,
What is a budget surplus
21
cards
2.2.5 Net Trade (X-M)
Exports are counted as a whatin t...,
What are the 6 factors that affec...,
How does real income effect deman...
15
cards
2.3.1 Characteristics of aggregated supply
Definition of aggregate demand,
How does short run aggregate supp...,
How does long run aggregate suppl...
10
cards
3.2.3 Short run of Aggregated supply
What is short run aggregate supply,
Why is the short run as diagram u...,
A rise in the price level does wh...
11
cards
2.2.3 Long Run of Aggregated Supply
What is long run aggregate supply,
What is lras independent of,
Changes in national potential gdp...
29
cards
2.4.1 National Income
What is the circular flow,
Where do households lie,
Where do businesses lie in the ci...
11
cards
2.4.2-2.4.3 Injections and Withdrawals and Equilibrium Real National Output
What are the 3 injections,
What are the 3 withdrawls,
When is the circular flow balanced
14
cards
2.4.4 The Multiplier
What is the multiplier,
Why does the multiplier come about,
What is the multiper ratio
15
cards
2.5.1 Causes of Growth
What is short run economic growth,
How could economic growth be show...,
How can short run economic growth...
12
cards
2.5.2 Output Gaps
What is the output gaps,
What is a positive output gap,
How would you show a positive out...
6
cards
2.5.3 Trade (Business) Cycle
What is a boom,
What is a slow down,
What is a reccesiion
14
cards
2.5.4 The Impact of Economic Growth
What are the benefits of economic...,
Costs of economic growth
2
cards
2.6.1 Possible Macro Objectives
What are the 7 possible macro obj...,
With objective has become particu...,
Why will objectives differ from c...
6
cards
2.6.2 Demand-side Policies
What are the three types of polic...,
What is fiscal policy,
What is monetary policy
43
cards
2.6.3 Supply-side Policies
What are supply side policies,
What are the two types of supply ...,
What are the 4 parts of supply si...
13
cards
2.6.4 Conflicts and Trade-offs Between Objectives and Policies
Why do conflicts occur,
What are the 6 main conflicts tha...,
Describe the conflict between eco...
11
cards
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Topic 2 - Macro
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