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

Decks in this class (14)

4.2.1.1 - Objectives
What are the 7 macro objectives 1,
What is economic growth 2,
How is economic growth measured 3
27  cards
4.2.1.2 - macroeconomic indicators
Define short run growth 1,
Define long run growth 2,
Define macroeconomic indicators 3
34  cards
4.2.1.3 - index numbers
How to calculate index number wit...,
Calculate index number with no ba...,
What is an index number 3
6  cards
4.2.1.4 - uses of national income data
Define gdp per capita 1,
Define ppp 2,
Limitations of using gdp as a mea...
3  cards
4.2.2.1 - Circular Flow Of Income
What is the circular flow of inco...,
What are households in the model 2,
What to households do with their ...
10  cards
4.2.2.2 - AS/AD analysis
What do classical economists beli...,
How do classical economists belie...,
What is keynes theory 3
5  cards
4.2.2.3 & 4.2.2.4 - AD
Formula for aggregate demand 1,
Define aggregate demand 2,
Define consumption 3
5  cards
4.2.2.5 - SRAS
What is aggregate supply 1,
What is sras 2,
List the factors can cause a shif...
9  cards
4.2.2.6 - LRAS
What is lras 1,
What is the classical view of lras 2,
What does keysian believe about l...
10  cards
4.2.3.2 - Employment
What are the 3 work status 1,
Define employment 2,
Define unemployment 3
31  cards
4.2.3.3 - Inflation
Define inflation 1,
Define deflation 2,
What is disinflation 3
35  cards
4.2.3.4 - Conflicts Between Objectives
What is a positive output gap 1,
What is a negative output gap 2,
How are output gaps shown 3
11  cards
4.2.5.1 - Fiscal Policy And Taxation
What is fiscal policy 1,
What are the fiscal policy goals 2,
What effects the impact of polici...
26  cards
4.2.5.1 - Fiscal Balance
What is the level of deficit 1,
What is the government debt 2,
How is debt reduced 3
13  cards

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Macro Economics

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