PAPER 3 Flashcards
(4 cards)
1
Q
What is the acronym for Microeconomic effects
A
POPSICLE
2
Q
What is the acronym for Macroeconomic effects
A
DIGESTIF
3
Q
what are the microeconomic effects
A
Prices
Output
Profit
Structure of market
Inefficiency
Competition
Labour
Externalities/Market failure
4
Q
What are the macroeconomic effects
A
Development
Inflation
Growth
Employment
Structure of economy
Trade
Inequality
Fiscal balance
