Studied by 3 peoplePPC showing maximum productive potential, opportunity cost, (in)efficiency and (un)attainable production
Constant opportunity cost
Increasing opportunity cost
Changes in production possibilities
Circular flow of income in a closed economy
Circular flow of income in an open economy
Movements along the demand curve
Shifts of the demand curve
Movements along the supply curve
Shifts of the supply curve
Excess demand
Excess supply
Maximization of community surplus
Consumer and produces surplus
Perfectly inelastic demand
Inelastic demand
Unitary elastic demand
Elastic demand
Perfectly elastic demand
Necessity (YED)
Luxury (YED)
Inferior good (YED)
Inelastic supply
Elastic supply
Unitary elastic supply
Perfectly inelastic supply
Perfectly elastic supply
Specific tax
As Valorem tax (VAT)
Subsidy
Price ceiling
Price floor
Minimum wage in labour markets
Negative production externality
Negative consumption externality
Positive production externality
Positive consumption externality
Specific tax on a negative production externality
Specific tax on a negative consumption externality
Carbon tax (on a negative production externality)
Subsidy on a positive production externality
Legislation aimed at the consumer side
Legislation aimed at the producer side
Educating consumers on the benefits of merit goods
Education consumers on the dangers of consuming demerit goods
Business cycle
Movements along the AD curve
Shifts of the AD curve
Movements along the SRAS curve
Shifts of the SRAS curve
Monetarist/New classical view of the long-run aggregate supply (LRAS) curve
Keynesian view of the AS curve
A deflationary gap in the Keynesian model
A deflationary gap in the Monetarist/New classical model
An inflationary gap in the Monetarist/New classical model
Changes to LRAS in the Monetarist/New classical model
Changes to AS in the Keynesian model
Long-run equilibrium in the Monetarist/New classical model
Automatic adjustment from a deflationary output gap
Automatic adjustment from an inflationary output gap
Keynesian economists believe that the economy can be in long term equilibrium at any level of output
Short-term Economic Growth in the Monetarist/New classical model
Short-term Economic Growth on a Production Possibilities Curve (PPC)
Long-term Economic Growth in the Monetarist/New classical model
Long-term Economic Growth Using a PPC Model
Structural unemployment
Cyclical unemployment in the Keynesian model
Cyclical unemployment in the Monetarist/New classical model
Demand pull inflation
Cost push inflation
Demand-side deflation
Supply-side deflation
Lorenz curve for Sweden, UK, and Bolivia
Poverty trap
Progressive tax
Regressive tax
Proportional tax
Expansionary monetary policy in the Monetarist/New classical model
Contractionary monetary policy in the Keynesian model
Expansionary fiscal policy in the Monetarist/New classical model
Contractionary fiscal policy in the Keynesian model
A Monetarist/New classical diagram that illustrates the implementation of a successful supply-side policy
A Keynesian diagram that illustrates the implementation of a successful supply-side policy
World price is above the domestic price
World price is below the domestic price
Tariffs
Quotas
Export subsidies
A floating Exchange rate system
A fixed Exchange rate system
A managed Exchange rate system
Likely impact on the macro economy of a currency depreciation in the Keynesian model
Likely impact on the macro economy of a currency appreciation in the Monetarist/New classical model
Note 
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