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...
Edexcel A Level Economics A:复习笔记2.5.1 Causes of Growth
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...
Edexcel A Level Economics A:复习笔记2.4.4 The Multiplier
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...
Edexcel A Level Economics A:复习笔记2.4.3 Equilibrium Levels of Real National Output
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...
Edexcel A Level Economics A:复习笔记2.4.2 Injections & Withdrawals
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...
Edexcel A Level Economics A:复习笔记2.4.1 National Income
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...
Edexcel A Level Economics A:复习笔记2.3.3 Long-run AS
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...
Edexcel A Level Economics A:复习笔记2.3.2 Short-run AS
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...
Edexcel A Level Economics A:复习笔记2.3.1 Characteristics of AS
The Aggregate Supply (AS) Curve Aggregate supply?is the total supply of goods/services produced within an economy at a?specific price level at a given time A diagram showing the upward sloping shor...
