Notes in Economics::Unit 1

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Status	Last Update	Fields
Published	03/04/2024	What are the 6 factors affecting the trading cycle via AS&AD?
Published	03/04/2024	What occurs in an upswing?
Published	03/04/2024	What occurs in a downswing?
Published	03/04/2024	What occurs in a boom?
Published	03/04/2024	What occurs in a trough/recession?
Published	03/04/2024	What will happen to AD when the value of AUD increases.
Published	03/04/2024	What factors cause a shift in C?
Published	03/04/2024	What are the 4 factors of production?
Published	03/04/2024	Recall the five sector circular flow model of income?
Published	03/04/2024	What are transfer payments?
Published	03/04/2024	State the four assumptions of the production possibility curve?
Published	03/04/2024	Define “Opportunity Cost”
Published	03/04/2024	What will cause a expansion/contraction of the AD curve.
Published	03/04/2024	What will cause a shift of the AD curve.
Published	03/04/2024	Define expansionary and contractionary in terms fiscal and monetary policy
Published	03/04/2024	What factors cause a shift in the AS curve?
Status	Last Update	Fields