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economics units 3&4

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

By: Kelvin Liang
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Decks in this class (7)

UNIT 3 AOS 1 - part 1
Relative scarcity,
Opportunity cost,
Production possibility frontier p...
31  cards
UNIT 1 AOS 1 - PART 2 (market failure)
Market failure def,
Unregulated market what happens,
Elasticity def explanation
26  cards
[SELF] Unit 3 AOS 2 - PART 1 (EA)
Circular flow def,
Economic growth the def,
Limitations of econoimc growth as...
15  cards
UNIT 3 AOS 2 (T) - part 1
Define aggregate demand yes,
Aggregate demand equation yes,
Aggregate supply def yes
18  cards
UNIT 3 AOS 2 (T) - part 2 - the goals
Strong and sustainable econoimc g...,
Strong meaning in ssg footnotegoal 1,
Sustainable meaning for ssg footn...
9  cards
(SELF) UNIT 3 AOS 2 - part 2 - the goals
Definelow and stable inflation,
Cost inflation,
Demand inflation
12  cards
(SELF) UNIT 3 AOS 2 - part 3 - Full employment
Unn formula,
Participation rate formula,
3  cards

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economics units 3&4

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