3.1.1 National Income Accounting as a Measure of Economic Activity

17 flashcards

3.1.2 Income, Output and Expenditure Approaches to National Income Accounting

23 flashcards

3.1.3 Nominal GDP as a Measure of National Output

16 flashcards

3.1.4 Nominal GNI as a Measure of National Output

15 flashcards

3.1.5 Real GDP and GNI

16 flashcards

3.1.6 Real GDP/GNI per Person (per Capita)

17 flashcards

3.1.7 Business Cycle

22 flashcards

3.1.8 Appropriateness of Using GDP or GNI Statistics

16 flashcards

3.1.9 Alternative Measures of Well-Being

19 flashcards

3.2.1 Aggregate Demand (AD)

22 flashcards

3.2.2 Components of AD

17 flashcards

3.2.3 Determinants of AD Components

23 flashcards

3.2.4 Shifts of the AD Curve Caused by Changes in Determinants

20 flashcards

3.2.5 Short-Run Aggregate Supply (SRAS) Curve

16 flashcards

3.2.6 Shifts of the SRAS Curve

23 flashcards

3.2.7 Alternative Views of Aggregate Supply (AS)

18 flashcards

3.2.8 Shifts of the AS Curve Over the Long-Run

31 flashcards

3.2.9 Macroeconomic Equilibrium

27 flashcards

3.2.10 Assumptions and Implications of the Monetarist/New Classical and Keynesian Models

15 flashcards

3.3.1 Economic Growth

24 flashcards

3.3.2 Consequences of Economic Growth

17 flashcards

3.3.3 Low Unemployment

29 flashcards

3.3.4 Low and Stable Rate of Inflation

29 flashcards

3.3.5 Relative Costs of Unemployment Versus Inflation

17 flashcards

3.3.6 Sustainable Level of Government (National) Debt (HL Only)

14 flashcards

3.3.7 Potential Conflict Between Macroeconomic Objectives

30 flashcards

3.3.8 High Economic Growth

17 flashcards

3.4.1 Relationship Between Equality and Equity

15 flashcards

3.4.2 The Meaning of Economic Inequality

16 flashcards

3.4.3 Measuring Economic Inequality

22 flashcards

3.4.4 Meaning of Poverty

14 flashcards

3.4.5 Measuring Poverty

18 flashcards

3.4.6 Difficulties in Measuring Poverty

15 flashcards

3.4.7 Causes of Economic Inequality and Poverty

18 flashcards

3.4.8 Impact of Income and Wealth Inequality

16 flashcards

3.4.9 Role of Taxation in Reducing Poverty, Income and Wealth Inequality

19 flashcards

3.4.10 Further Policies to Reduce Poverty, Income and Wealth Inequality

16 flashcards

3.5.1 Monetary Policy

16 flashcards

3.5.2 Goals of Monetary Policy

13 flashcards

3.5.3 The Process of Money Creation by Commercial Banks (HL Only)

12 flashcards

3.5.4 Tools of Monetary Policy (HL Only)

18 flashcards

3.5.5 Demand and Supply of Money (HL Only)

26 flashcards

3.5.6 Real Versus Nominal Interest Rates

20 flashcards

3.5.7 Expansionary and Contractionary Monetary Policies to Close Deflationary/Recessionary and Inflationary Gaps

27 flashcards

3.5.8 Effectiveness of Monetary Policy

14 flashcards

3.6.1 Fiscal Policy

15 flashcards

3.6.2 Goals of Fiscal Policy

14 flashcards

3.6.3 Expansionary and Contractionary Fiscal Policies in Order to Close Deflationary/Recessionary and Inflationary Gaps

24 flashcards

3.6.4 Keynesian Multiplier (HL Only)

26 flashcards

3.6.5 Effectiveness of Fiscal Policy

18 flashcards

3.6.6 Strengths of Fiscal Policy

16 flashcards

3.7.1 Goals of Supply-Side Policies

16 flashcards

3.7.2 Market-Based Policies

28 flashcards

3.7.3 Interventionist Policies

17 flashcards

3.7.4 Demand-Side Effects of Supply-Side Policies

14 flashcards

3.7.5 Supply-Side Effects of Fiscal Policies

15 flashcards

3.7.6 Effectiveness of Supply-Side Policies

16 flashcards