Macroeconomics

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

1/10

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 7:52 PM on 4/11/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

11 Terms

1
New cards

AD shifters

CIGX, consumer spending, investment spending, government spending, net exports-imports

2
New cards

SRAS shifters

PEGP: change in price level, expectations of inflation, government action(taxes/subsidies), change in productivity

3
New cards

Positive output gap

inflation

4
New cards

What is inflation

Rate when the general price level of goods and services increases which decrease purchasing power

5
New cards

Causes of Inflation

Demand pull inflation: inc demand for products and services

Cost push inflation: rising production costs which inc price level

6
New cards

Effects of inflation

Reduces purchasing power, decreases AD, increase interest rates,inc unemployment, inc output in short run

  • inc IR because lenders(banks) demand more money to compensate for dec purchasing power

  • Inc unemployment because higher costs prevent employers from paying employees

7
New cards
8
New cards
9
New cards
10
New cards
11
New cards