Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

l1 17 aggregate output, prices, and economic growth

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

By: Steven Popovic
Start Studying

Decks in this class (15)

A Calculate and explain GDP as expenditure and income, B, C
B Compare sum-of-value added and value-of-final-output methods of calculating GDP C Compare y and Y and calculaute and interpret the GDP deflator
5  cards
D Compare GDP, National Income, Personal Income, and Personal Disposable Income
Gdp as expenditure approach,
Gdp national income income approach,
Personal income measures househol...
4  cards
E Explain the fundamental relationship among saving, investment, the fiscal balance, and trade balance
S i g t fiscal balance dif betwee...,
G t s i x m,
G t s i x m
3  cards
F Explain the IS LM curves and how they combine to gen the agg. D curve
Understand the factors that deter...,
Is curve inverse relationship bet...,
Lm curve combos of gdp or real in...
4  cards
G Explain the agg.S curve in SR, LR
Agg s relates plevel and q real y...,
Vrs as curve wages input costs pr...,
Sr output prices change in prop t...
4  cards
I. Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle
Sr disequilibrium where p2 p1,
Sr disequilibrium where p1 p0
2  cards
J. Explain how SR macroecon Equil. may occur at a level above or below full emp.
Sr full emp above equil economic ...,
Sr full emp below equil recession,
Why do levels of emp vary
5  cards
L Describe Sources, Measurement, and Sustainability of Economic growth
Sources of economic growth,
Measurement of economic growth,
Sustainability of economic growth...
3  cards
M Describe the production function approach to analyzing the sources of economic growth
Production function and econ grow...
1  cards
N Distinguish between input growth of total factor productivity a components of economic growth
Input growth as a component of ec...,
Input growth as a component of ec...,
Total factor productivity as a co...
4  cards
H Explain causes of movements along and shifts in aggregate demand and supply curves
Movements along agg d curve,
Movements along agg d curve,
Movements along agg s curve
11  cards
Analyze the effect of combined changes in Agg. S and Agg. D on the econ.
Inc pl means,
Adjustment to increase in aggd in...,
Adjustment to dec in aggd recessi...
4  cards
b compare the sum-of- value- added and value-of- final- output methods of calculating GDP;
0  cards
c compare nominal and real GDP and calculate and interpret the GDP deflator;
0  cards
k analyze the effect of combined changes in aggregate supply and demand on the economy;
0  cards

More about
l1 17 aggregate output, prices, and economic growth

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Steven Popovic's L1 17 Aggregate Output, Prices, and Economic Growth flashcards for their CFA Exam L1 class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

economic growth & inflation
  • 1 decks
  • 36 flashcards
  • 3 learners
Decks: Eg, And more!
202: Theme 2, Sensory inputs and moto...
  • 13 decks
  • 374 flashcards
  • 3 learners
Decks: Structure And Function Of The Spinal Cor, Autonomic Nervous System, Physiology Of Vision, And more!
Prices
  • 13 decks
  • 77 flashcards
  • 1 learners
Decks: Breakfast Items, Breakfast Plate, Omelets, And more!
WSET L1 preparation
  • 1 decks
  • 21 flashcards
  • 11 learners
Decks: Red Or White, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions