Home
Explore
Exams
Search for anything
Login
Get started
Home
Business
Economics
Macroeconomies Unit 3
5.0
(1)
Rate it
Studied by 4 people
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Card Sorting
1/19
Earn XP
Description and Tags
*Cries*
Economics
12th
Add tags
Study Analytics
All
Learn
Practice Test
Matching
Spaced Repetition
Name
Mastery
Learn
Test
Matching
Spaced
No study sessions yet.
20 Terms
View all (20)
Star these 20
1
New cards
Below Full Employment
2
New cards
Full Employment (Equilibrium)
3
New cards
Above Full Employment
4
New cards
Shifters of AD
Increase:
Consumption ⬆️
Investment ⬆️
Gov’t Spending ⬆️
Exports ⬆️
VICE VERSA
5
New cards
Shifters of SRAS
Increase: '
Wages ⬆️
Biz taxes decrease⬆️
Favorable Subsidies/Regulations⬆️
Resource Price drops⬆️
VICE VERSA
6
New cards
Fiscal Policy
When government spends money and taxes to influence the economy
7
New cards
GDP change with MPS/MPC
($ amount of spend) x (the multipliers)
8
New cards
Spending Multiplier Formula
1/MPS
9
New cards
Taxes Multiplier Formula
MPC/MPS
10
New cards
GDP Gap Formula
($GDP Gap)/(tax or spending multiplier)
11
New cards
Gap from POTENTIAL GDP to ACTUAL GDP
Potential GDP - Actual GDP
12
New cards
Automatic Stabilizers
Tempers the economy without direct intervention by policymakers
13
New cards
Classical Economic Thinking
NOT wanting government to intervene to fix market
14
New cards
Keynesian Economic Thinking
Wanting government to intervene to fix market
15
New cards
Demand Pull
Driven by consumer demand
16
New cards
Cost Push
Driven by supply cost
17
New cards
Loanable Funds Market Graph
18
New cards
Crowding Out
Increase in government spending leads the economy to spend as well
19
New cards
Deficit Debt
Amount of money government borrows in a SINGLE YEAR
20
New cards
National Debt
TOTAL amount of money government borrows
Explore top notes
AP World History Unit 7 - Lesson 7.5
Updated 837d ago
Note
Preview
1.7 Amines & Amides
Updated 828d ago
Note
Preview
BIOL 216 Lecture 1
Updated 1045d ago
Note
Preview
Psychology: Development
Updated 584d ago
Note
Preview
Ch 16 - Aggregate Supply and Aggregate Demand
Updated 821d ago
Note
Preview
cell anatomy
Updated 859d ago
Note
Preview
Kinematics Formulas to Know for AP Physics 1 (AP)
Updated 224d ago
Note
Preview
2.5 notes: binary and binary ionic compounds
Updated 999d ago
Note
Preview
Explore top flashcards
UX-Study
Updated 759d ago
Flashcards (131)
Preview
Destination B1 - Unit 6
Updated 321d ago
Flashcards (73)
Preview
Chapter 9: Articulations
Updated 806d ago
Flashcards (38)
Preview
CompTIA Practice Review
Updated 254d ago
Flashcards (232)
Preview
pt 2 BUS 207 midterm
Updated 624d ago
Flashcards (77)
Preview
Spanish heritage 1 9-grade 2023 food
Updated 602d ago
Flashcards (24)
Preview
Physics Sem 1 Fall 2023 Study Guide-zions
Updated 206d ago
Flashcards (188)
Preview
Presentación 1
Updated 293d ago
Flashcards (22)
Preview