Macroeconomic Definitions 0.0 / 5 ? EconomicsAll TopicsASEdexcel Created by: Dami OdeleCreated on: 07-04-14 17:08 A way of illustration flows of goods and services of production between firms and households The Circular Flow of income 1 of 12 Flows of money out of the circular flow of income Leakages 2 of 12 Flows of money in the circular flow of income Injections 3 of 12 increase in the total amount of output an economy produced over a period of time Economic Growth 4 of 12 The total level of planned expenditure on goods and services Aggregate Demand 5 of 12 Measure of the value of assets, such as houses or shares Wealth 6 of 12 Process whereby an initial increase in spending (AD) leads to a more than proportionate increase in national income The Multiplier Effect 7 of 12 Total amount of goods and services produced in an economy over a period of time Aggregate Supply 8 of 12 Used to measure standard of living HDI 9 of 12 People able, available and willing to find work and actively work but are not employed Unemployment 10 of 12 Sustained rise in the general price level Inflation 11 of 12 a financial record of all the transactions between one country and another The Balance of Payments 12 of 12
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