Macroeconomics questions

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A Levels Economics (Macroeconomics) Karteikarten am Macroeconomics questions, erstellt von lucyhacking am 26/11/2013.
lucyhacking
Karteikarten von lucyhacking, aktualisiert more than 1 year ago
lucyhacking
Erstellt von lucyhacking vor fast 11 Jahre
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Zusammenfassung der Ressource

Frage Antworten
What are the components of Aggregate demand? C+I+G+(X-M)
The relationship between price and demand is... inverse
What are the factors of production? Land, labour, capital, enterprise
What is Aggregate supply determined by? Wages, tax and cost of materials
What are the 3 withdrawals in the circular flow of income? Taxation,savings,Imports
What are the 3 injections in the circular flow of income? Government spending,investment, exports
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