Flashcards
Macroeconomics flashcards
One deck for each unit, with the terms and ideas you need to know cold. Flip a card, then say how well you knew it. Cards you find hard come back sooner, and ones you know well wait longer.
6 decks · 216 cards
Unit 1
Basic Economic Concepts
38 cards
- Scarcity
- Factors of production
- Land (as a resource)
- Labor
Unit 2
Economic Indicators and the Business Cycle
40 cards
- Circular flow model
- Factor (resource) market
- Product market
- Gross domestic product (GDP)
Unit 3
National Income and Price Determination
38 cards
- Aggregate demand (AD)
- Price level
- Real wealth effect
- Interest rate effect
Unit 4
Financial Sector
37 cards
- Liquidity
- Rate of return
- Stock (equity)
- Bond
Unit 5
Long-Run Consequences of Stabilization Policies
32 cards
- Policy mix
- Coordinated expansionary policy
- Interest rates in a policy mix
- Phillips curve
Unit 6
Open Economy—International Trade and Finance
31 cards
- Balance of payments (BOP)
- Current account (CA)
- Capital and financial account (CFA)
- Balance of trade