a) Causes

0.0(0)
Studied by 0 people
linked notesNote
call kaiCall Kai
Locked
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/4

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 4:41 PM on 5/2/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai
Chat

No analytics yet

Send a link to your students to track their progress

5 Terms

1
New cards

  • state what causes short-run economic growth


  • increase in AD


2
New cards

  • state how an increase in AD affects an AD/SRAS graph

  • state how an increase in AD affects a PPF curve


  • AD curve shifts right

  • PPF point shifts closer to the curve


3
New cards

  • state what causes long-run economic growth


  • increase in LRAS


4
New cards

  • state how an increase in LRAS affects an LRAS graph

  • state how an increase in LRAS affects a PPF curve


  • LRAS curve shifts right

  • PPF curve shifts outwards


5
New cards

  • define actual growth

  • state how actual growth affects RGDP

  • define potential growth


  • increase in the real value of goods/services

  • increases RGDP

  • increase in the maximum productive potential of the economy