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Whitney F
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Decks in this class (23)
Unit 1: Basic Economic Concepts
Economics,
Scarcity,
Macroeconomics
30
cards
2.1: The Circular Flow and GDP
Public sector,
Private sector,
Factor payments
20
cards
2.3: Unemployment
What is unemployment,
The unemployment rate,
Who is considered part of the lab...
14
cards
2.4: Price Indices and Inflation
Inflation,
Why is inflation bad,
Deflation
12
cards
2.5: Costs of Inflation
Who is hurt by unanticipated infl...,
Who is helped by inflation,
Nominal vs real wage
11
cards
2.6: Real vs Nominal GDP
Nominal gdp,
Real gdp,
Gdp deflator
4
cards
2.7: Business Cycles
Expansion,
Recession,
Peak
5
cards
Unit 2 Equations
Real gdp,
Nominal gdp,
Change in gdp
6
cards
3.1: Aggregate Demand
Aggregate,
Aggregate demand,
Why is the aggregate demand curve...
11
cards
3.1 to 3.3 Vocab
Multiplier,
Multiplier effect,
Marginal propensity to consume
16
cards
3.3: Short Run Aggregate Supply
What is sras,
Lras,
Shifters of aggregate supply
3
cards
3.4: LRAS
Shifters of lras
1
cards
3.5: Shifters of LRAS
Inflationary gap positive output gap,
Recessionary gap negative output gap
2
cards
3.6: Changes in the AD-AS Model in the Short Run
Stagflation,
Demand pull inflation,
Cost push inflation sras decreases
3
cards
3.7: Long Run Self Adjustment
Difference between short run and ...,
Long run and shifts,
Note
3
cards
3.8: Fiscal Policy
Fiscal policy,
Monetary policy,
Discretionary fiscal policy
7
cards
4.1: Financial Assets
Financial sector,
Asset,
Interest rate
13
cards
4.2: Nominal vs Real Interest Rates
Real interest rates footnoteequation,
Nominal interest rates,
Future value equation
4
cards
4.3: Barter System
What is the barter system,
Problems with the barter system,
Money
12
cards
4.4: Banking and the Expansion of the Money Supply
Fractional reserve banking,
Money multiplier equation,
Demand deposits
6
cards
4.5: The Money Market
The two reasons people demand money,
What happened to the quantity dem...,
What happened to the quantity dem...
6
cards
4.6: Monetary policy
What are the three shifters of th...,
What happens when the fed increas...,
What can the fed do to increase t...
11
cards
4.7: The Loanable Funds Market
The loanable funds market,
Private savings,
Public savings
11
cards
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ap macroeconomics
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