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Sophie Smith
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Decks in this class (21)
Objectives of government economic policy
What are the objectives 1,
3 main policy instruments 2,
What is policy indicator 3
4
cards
Economic growth
What is economic growth 1,
What is gdp 2,
What are the benefits of economic...
16
cards
Full employment or low level of unemployment
What is full employment 1,
What does it mean to be economica...,
What is unemployment 3
8
cards
Price Stability and Satisfactory balance of payments
What is inflation 1,
What does inflation lead to 2,
When does inflation occur 3
32
cards
Productivity and Government Debt
What is labour productivity 1,
What is capital productivity 2,
What is a budget deficit 3
3
cards
Calculation of economic indicators
Nominal gdp per capita 1,
Growth rate of real gdp 2,
Growth rate of real gdp per capita 3
6
cards
Index numbers
Index number calculation 1,
What does nominal gdp measure 2,
What does real gdp measure 3
4
cards
Circular flow of income
To produce the flow of national o...,
Examples of physical capital goods 2,
What is a stock variable 3
29
cards
Aggregate Demand
Definition of aggregate demand 1,
Equation for ad 2,
What is ad c i g x m 3
24
cards
Short-run aggregate supply
What does short run mean 1,
What is aggregate supply 2,
What is short run aggregate supply 3
8
cards
Long-run aggregate supply
What does the long run mean 1,
What does an outward shift of lra...,
What factors affect lras 3
6
cards
Economic Growth and Cycle
What are the 4 phases of economic...,
What is a boom expansion 2,
What is slowdown 3
16
cards
Employment and unemployment
What is claimant count 1,
What is labour force survey 2,
What is long term unemployed 3
27
cards
Inflation and deflation
What is demand pull inflation 1,
Causes of demand pull inflation 2,
What is cost push inflation 3
26
cards
Balance of Payments
What is balance of payments 1,
What is current account 2,
Causes of current account deficit 3
20
cards
Conflicts between macroeconomic policy objectives
Examples of policy conflicts 1,
What happens if there is rapid ec...,
When economy is growing very quic...
20
cards
Monetary Policy
Definition of monetary policy 1,
Points of expansionary monetary p...,
Points of deflationary monetary p...
55
cards
Fiscal Policy
Fiscal policy definition 1,
Roles of fiscal policy 2,
What does it mean for fiscal poli...
29
cards
Structure of financial markets and financial assets
What does money function as 1,
What is money supply 2,
What is narrow money 3
35
cards
Commercial banks and investment banks
What is banking credit 1,
What is bank capital 2,
What are bank reserves 3
35
cards
Economic Growth And Development
What is economic growth short run 1,
What is economic growth long run 2,
Economic development 3
19
cards
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Economics- Macro
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