This class was created by Brainscape user Tom Dillon. Visit their profile to learn more about the creator.
By:
Tom Dillon
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Decks in this class (12)
1.1 Circular flow of income
Define an injection to the circul...,
Define a leakage from the circula...,
Define gross domestic product gdp 3
4
cards
1.2 Aggregate Demand
What are the main components of ad 1,
Define ad 2,
What kind of relationship do pl a...
6
cards
1.3 Aggregate supply
Define short run aggregate supply 1,
What determines the position of s...,
Factors that determine the cost o...
6
cards
1.4 Interaction of AS and AD
Define negative output gap 1,
Define positive output gap 2,
Where does equilibrium occur 3
5
cards
1.5 Multiplier and the accelerator
Define the multiplier 1,
What is the formula for the multi...,
What effect does the multiplier h...
10
cards
2.1 Economic growth
Define long run economic growth 1,
Define short run economic growth 2,
What is the policy objective of e...
7
cards
2.2 Development
Define development 1,
Define primary sector 2,
Define secondary sector 3
6
cards
2.3 Employment
Define employment 1,
Define unemployment 2,
Define cyclical unemployment 3
12
cards
2.4 Inflation
Define inflation 1,
Define disinflation 2,
Define deflation 3
10
cards
2.5 Balance of payments
Define balance of payments 1,
Components of the current account...,
Policy objective of balance of pa...
6
cards
2.6 Exchange rates
Define exchange rate 1,
Define a fixed exchange rate syst...,
Define foreign exchange reserves 3
6
cards
2.7 income distribution and welfare
Define income 1,
Define wealth 2,
How does the govt aim to reduce i...
7
cards
More about
Macroconomics
- Class purpose General learning
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