Supply-side Policies Supply-side policies aim to shift the long-run aggregate supply (LRAS) There are two categories of supply-side policies Interventionist and market-based Interventionist supply-...
Demand-side Policies Demand-side policies aim to shift aggregate demand (AD) in an economy There are two categories of demand-side policies Fiscal policy and monetary policy Fiscal policy involves ...
Economic Growth Economic growth is a central macroeconomic aim of most governments Many developed nations (UK included) have an annual target rate of 2-3% This is considered to be sustainable growt...
Benefits & Costs of Economic Growth Economic growth is considered to be the main contributor to an improvement in the standards of living Due to the negative aspects of economic growth, there i...
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...
