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Macroeconomics SEM 2

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

By: Jawad Ahmed
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Decks in this class (13)

Measuring Econ. Activity
Define gdp,
Why must income expenditure for a...,
What do market prices reflect
46  cards
Economic Growth
Real gdp person,
Define growth rate,
Why does ranking of countries by ...
42  cards
Unemployment
Who is considered economically in...,
What is the labour force,
How is the unemployment rate calc...
30  cards
Savings, Investment + Financial System
What is a financial system,
Define financial markets,
What are the 2 important types of...
27  cards
Monetary System
Define money,
What are the 3 main functions of ...,
Define medium of exchange
44  cards
Money Growth + Inflation
Define inflation,
Define deflation,
Define hyperinflation
37  cards
Issues in Financial Markets
How did deregulation contribute t...,
How did asset prices risk taking ...,
What is the sub prime market
28  cards
IS-LM
What is the national account iden...,
What is y,
What is planned expenditure
21  cards
AD-AS
Why can business cycles be bad fo...,
What is a recession,
What is a depression
44  cards
Monetary + Fiscal Policy
Where do you find lr equilibrium ...,
In lr why does ad sras as well,
What are the main causes for dema...
29  cards
Philips Curve
What does the philips curve show,
How does expansionary policy affe...,
What is the trade off in the phil...
21  cards
Open Economy I
Define closed economy,
Define open economy,
Why is international trade good
34  cards
Open Economy II
What 2 assumptions do we make abo...,
What 2 markets are involved in op...,
What does s d for loanable funds ...
36  cards

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Macroeconomics SEM 2

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