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Theme 2 - The UK Economy > 2.3.1 The characteristics of AS > Flashcards

2.3.1 The characteristics of AS Flashcards

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Theme 2 - The UK Economy (25 decks)

2.1.1 Economic growth

2.1.2 Inflation

2.1.3 Employment and unemployment

2.1.4 Balance of payments

2.2.1 The characteristics of AD

2.2.2 Consumption (C)

2.2.3 Investment (I)

2.2.4 Government expenditure (G)

2.2.5 Net trade (X-M)

2.3.1 The characteristics of AS

2.3.2 Short-run AS

2.3.3 Long-run AS

2.4.1 National income

2.4.2 Injections and withdrawals

2.4.3 Equilibrium levels of real national output

2.4.4 The multiplier

2.5.1 Causes of growth

2.5.2 Output gaps

2.5.3 Trade (business) cycle

2.5.4 The impact of economic growth

2.6.1 Possible macroeconomic objectives

2.6.2 Demand-side policies

2.6.3 Supply-side policies

2.6.4 Conflicts and tradeoffs between objectives and policies

Theme 2 Definitions

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