Edexcel A Level Economics A:复习笔记2.5.2 Output Gaps
Actual Growth & Long-term Growth Actual growth can be differentiated from the idea of long-term trends in growth rates A long-term growth trend is the underlying trend rate of economic growth o...
Actual Growth & Long-term Growth Actual growth can be differentiated from the idea of long-term trends in growth rates A long-term growth trend is the underlying trend rate of economic growth o...
Causes of Economic Growth Economic growth can occur in the short-run or long-run and each is explained differently Short-run Economic Growth Changes to any of the components of aggregate demand (AD...
The Multiplier The multiplier ratio is the ratio of change in real income to the injection that created the change E.g. If the UK government injected an additional £5m into the economy through gove...
Real National Output Equilibrium Short-run Equilibrium Real national output equilibrium occurs where aggregate demand intersects with aggregate supply A diagram showing the Classical short-run equi...
Injections & Withdrawals Money can enter or leave the circular flow of income in an economy Injections add money into the circular flow of income and increase its size Increased government spen...
The Circular Flow of Income The circular flow of income is an economic model that illustrates money flows in an economy There is a simple model which shows the money flows between households and fi...
AP物理考试包括4个科目: AP物理1(AP Physics 1) AP物理2(AP Physics 2) AP物理C力学(AP Physics C: Mechanics) AP物理C电磁学(AP Physics C: Electricity and Magnetism ) AP物理作为基础学科,是大学...
Keynesian Versus Classical Long-run AS Long run aggregate supply (LRAS) is influenced by a change in the productive capacity of the economy Productive capacity is changed by changes to the quantity...
Factors Influencing Short-run AS There are multiple factors that can influence the short-run aggregate supply (SRAS). These include: Changes in costs of raw materials and energy Changes in exchange...
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