Topics, in course order
- 5.1Fiscal and Monetary Policy Actions in the Short RunNot practicedLessonNotes
- 5.2The Phillips CurveNot practicedLessonNotes
- 5.3Money Growth and InflationNot practicedLessonNotes
- 5.4Government Deficits and the National DebtNot practicedLessonNotes
- 5.5Crowding OutNot practicedLessonNotes
- 5.6Economic GrowthNot practicedLessonNotes
- 5.7Public Policy and Economic GrowthNot practicedLessonNotes
Practice this unit
Question setExam-style questions from this unit's 7 topics, with an explanation for every option.
Unit testA timed test on the whole unit, every topic weighted equally.
Tools for this unit1 trainer.
In this unit's tools
Trainers 1
Free-response questions 4
- Deficit spending at full employment in Tamsin: AD-AS, loanable funds and growth
- An oil price shock in Velmar: AD-AS, the Phillips curves and the way back
- Government borrowing in Corvel: the real interest rate, investment and the capital stock
- A fall in consumer confidence in Sorell: the Phillips curves in the short and long run