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ch 6 econ

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Economics - Macroeconomics

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jake12testoswi Created by 10 mon ago

Related Decks

Cards in this deck(28)
What forms of income flow from the business sector to households?
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How does money return to the business sector from households?
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How is GDP measured in the circular flow diagram?
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What are some reasons for changes in GDP levels?
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What happens when households increase their savings?
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What is the effect of businesses forwarding less money to households?
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When is GDP in equilibrium?
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What happens to GDP when savings are greater than investment?
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What occurs when investment is greater than savings?
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How does government spending affect the circular flow of money?
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How do exports affect the circular flow of money?
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What is the impact of imports on the circular flow of money?
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What are considered injections in the circular flow model?
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What are considered leakages in the circular flow model?
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What is the paradox of thrift?
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What factors influence consumption?
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What factors influence the level of investment?
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What does APS/APC represent?
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What does RGDP stand for?
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What is aggregate demand?
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What is aggregate supply?
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What is the wealth effect?
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What is RDGP fe?
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What is a shortage in economic terms?
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What is the substitution effect?
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What is a surplus in economic terms?
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What is a recessionary gap?
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What is an inflationary gap?
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