Trade (Business) Cycle A trade (business) cycle refers to the changes in real GDP that occur in an economy over time This is the actual growth The real GDP will fluctuate above and below the long-t...
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...
今年下半年，SAT考试在澳门共开设了三个考点，分别是澳门城市大学City University of Macau-SCS，圣约瑟大学University Of Saint Joseph和氹仔坊众学校Macau Fong Chong School Of Taipa. 8月圣约瑟大学考前取消...
2022年马歇尔征文比赛获奖名单公布！令人意想不到的是，今年爆了大冷门！竟然仅仅约1%的同学获奖！ 首先让我们先恭喜优秀同学，能在这次征文挑战中脱颖而出！ 未拿到奖项的同学也不要灰心，让我们先来看看官方对...
今年下半年，SAT考试在澳门共开设了三个考点，分别是澳门城市大学City University of Macau-SCS，圣约瑟大学University Of Saint Joseph和氹仔坊众学校Macau Fong Chong School Of Taipa. 8月圣约瑟大学考前取消...
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...
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...
