This topic is examined in AS Paper 2 for AQA Economics. You can find notes for it below:
Notes
Measurement of Macroeconomic Performance
How the Macroeconomy Works
- a) The circular flow of income
- b) Aggregate demand and aggregate supply analysis
- c) The determinants of aggregate demand
- d) Aggregate demand and the level of economic activity
- e) Determinants of SRAS
- f) Determinants of LRAS
Economic Performance
- a) Economic growth and the economic cycle
- b) Employment and unemployment
- c) Inflation and deflation
- d) The balance of payments on current account
- e) Possible conflicts between macroeconomic policy objectives
