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Economics Unit 2
> Circular Flow of Income > Flashcards
Circular Flow of Income Flashcards
Economics Unit 2
(21 decks)
Measures of economic performance
Economic Growth and GDP/GNI
Measuring Inflation
Balance of Payments
Employment and Unemployment (Causes and Effects)
Inflation (Causes and Effects)
Characteristics of Aggregate Demand
Consumption
Investment
Government Expenditure and Net Trade
Aggregate Supply
Circular Flow of Income
Equilibrium Levels of Real National Output
The Multiplier
Causes of Economic Growth and Output Gaps
Benefits and Costs of Economic Growth
Macroeconomic objectives
Possible Conflicts Between Macroeconomic Objectives
Macroeconomic Supply-Side Policies
Macroeconomic Demand-Side Polices
Unemployment
