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Economic Growth - Coggle Diagram

- - - - Poor weather, new technology
      - Effect on Economic Cycle
        
        Political turmoil / strikes
        
        Natural disasters causing sharp fall in production
        
        Steep rise in oil and gas prices and other commodities
        
        Unexpected breakthroughs in production technology
    - - increased consumer confidence, changes in exchange rate
      - Effect on Economic Cycle
        
        Financial crisis causing bank lending to fall
        
        Bigger than expected rise in unemployment
        
        Unexpected tax increases
        
        Economic downturn in a trading partner
- - - - Higher living standards
      - Employment effects
      - Fiscal dividend
      - The accelerator effect
    - - Risks of higher inflation
      - Environmental effects
      - Inequalities of income and wealth
    - - Economic Growth rate: Shows the change in the rate(%) of economic growth.
- - - - Increase in SRAS or AD
    - - Look at the effects on MEPOs on the graph
    - - Movement inside the PPC
  - - - Increase in LRAS
    - - Look at the effects on MEPOs on the graph.
    - - Shift of the PPC
- - - - Low tax so low Govt spending
      - Low confidence
      - 6 months of negative economic growth
      - Low C, I and low employment