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

Decks in this class (20)

consequences/causes of inflation
Inflation 1,
Purchasing power 2,
Inflation is measured using 3
16  cards
unemployment
Shoe leather costs 1,
Sustainable economic growth 2,
Cost push inflation 3
14  cards
Consequences of a rise in real GPD
Increased standard of living 1,
Job creation 2,
Higher incomes 3
12  cards
macroeconomic objectives
Indicator growth 1,
Indicator unemployment 2,
Indicator inflation 3
6  cards
Consequences of economic growth
Higher disposable income 1,
Higher employment 2,
Higher profit for firms 3
7  cards
Aggregate demand
Aggregate demand 1,
Ad 2,
Real gdp 3
10  cards
Balance of Payment
What does current account do 1,
The current account is the sum of 2,
Primary income measure 3
22  cards
causes and significance of current account deficits
Under investment causes 1,
Relitavley low productiviy caused 2,
Low levels of innovation 3
12  cards
specialisation and division of labour
Specialisation 1,
Division of labour 2,
Average cost unit cost 3
19  cards
aggregate supply
As indicatates 1,
Aggragate supply 1,
Sras 2
3  cards
economic growth
0  cards
consumption
Consumption 1,
Disposable income 2,
Marginal propensity to consume mpc 3
12  cards
investment
Investment 1,
Gross investment 2,
Net investmen 3
9  cards
government spending
The trade cycle 1,
Fiscal policy 2,
Trade cycle 3
5  cards
net trade x-m
Real income 1,
Net trade 2,
Exchange rates 3
6  cards
interest rate
0  cards
expansionary monetary policy
Monetary policy 1,
Expansionary monetary policy 2,
Expansionary monetary policy 3
7  cards
cost push and demand pull inflation
0  cards
conflicts and trade offs
https://www.savemyexams.com/a-level/economics-a/edexcel/17/revision-notes/2-the-uk-economy-performance-and-policies/2-6-macroeconomic-objectives-and-policies/conflicts-and-trade-offs-between-objectives-and-policies/
7  cards
contractionary monetary policy
Contractionary monetary policy 1,
Affect on inflation 2,
Discourage household and corperat...
3  cards

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theme 2

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