Macro economics

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Last updated 9:48 AM on 4/21/26
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9 Terms

1
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MPC?

Change in consumption/change in income

2
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MPS?

Change in saving/Change in income

3
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Multiplier?

1/MPS or 1/MPW

4
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Current account?

Records trade, income and transfers between the UK and the rest of the world: Trade in Goods + services + primary income (earned/paid from abroad) + secondary income (foreign aid)

5
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Fiscal policy

Gov spending, Tax (discressionary) - stabilisers (automatic)

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Monetary policy

QE, interest rates

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CPI

Goods, Services, Indirect taxes

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RPI

CPI + Mortgage interest payments, Council tax, Most housing costs

9
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QE?

BoE creates money, buys Govt. bonds, bond prices rise, bond yields lower, interest rates down, borrowing cheaper, AD increases