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AQA AS Macro-Economics

This class was created by Brainscape user oskar rejent. Visit their profile to learn more about the creator.

By: oskar rejent
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Decks in this class (24)

Economic Growth
Big mac index 1,
Brics 2,
Constant price 3
33  cards
Inflation
Consumer price index cpi 1,
Cost push inflation 2,
Cpih inflation 3
18  cards
Employment and Unemployment
Claimant count 1,
Cyclical unemployment 2,
Demand deficient unemployment 3
30  cards
Balance of Payments
Balance of payments 1,
Balance of trade 2,
Capital account 3
21  cards
Characteristics of AD
Aggregate demand ad 1,
Animal spirits 2,
Components of ad 3
3  cards
Consumption
Consumer confidence 1,
Consumer durables 2,
Consumer spending 3
20  cards
Investment
Access to credit 1,
Animal spirits 2,
Business confidence 3
10  cards
Government Expenditure
Fiscal policy 1,
Government borrowing 2,
Government debt 3
5  cards
Net Trade
Exchange rate 1,
Net primary income 2,
Net secondary income 3
5  cards
Characteristics of AS
Aggregate supply as 1,
Aggregate supply shock 2
2  cards
Short-run AS
Costs of production 1,
Exchange rate 2
2  cards
Long-run AS
Classical lras 1,
Competition policy 2,
Demographic change 3
14  cards
National Income (NY)
Circular flow of income 1,
Income 2,
Wealth 3
3  cards
Injections and Withdrawals
Injections 1,
Withdrawals 2
2  cards
Equilibrium Levels of Real National Output
Aggregate demand 1,
Aggregate supply 2,
Equilibrium national output 3
4  cards
The Multiplier
Marginal propensity to consume mpc 1,
Marginal propensity to import mpm 2,
Marginal propensity to mps 3
8  cards
Cause of Growth
Actual growth 1,
Long run growth 2,
Net inward migration 3
14  cards
Output Gaps
Negative output gap 1,
Output gap 2,
Positive output gap 3
4  cards
Trade (Business) Cycle
Boom 1,
Depression 2,
Double dip recession 3
15  cards
The Impact of Growth
Distribution of income 1,
Economic development 2,
Foreign direct investment 3
6  cards
Possible Macro-economic Objectives
Balanced growth 1,
Budget balance 2,
Current account balance 3
9  cards
Demand-side Policies
Austerity 1,
Automatic stabilisers 2,
Budget balance 3
56  cards
Supply-side Policies
Competition policy 1,
Competitive market 2,
Ease of entry 3
17  cards
Conflicts and Trade-offs
Phillips curve 1,
Policy asymmetry 2,
Trade off 3
3  cards

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AQA AS Macro-Economics

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