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...
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物理考試包括4個(gè)科目： AP物理1（AP Physics 1） AP物理2（AP Physics 2） AP物理C力學(xué)（AP Physics C： Mechanics） AP物理C電磁學(xué)（AP Physics C： Electricity and Magnetism ） AP物理作為基礎(chǔ)學(xué)科，是大學(xué)...
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...
