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20 Key macroeconomics diagrams for A level exam

Updated: Jul 7, 2021


Diagrams are very important for economics exams. Adding a relevant diagram to your essay will bring a strong support for your argument and will help you score a maximum of marks. A good grasp of diagrams is also essential for multiple choice questions.



The golden rule for diagrams is that they must be


Accurate

Big

Clear

Adapted to the question



Here is a list of the key macroeconomics diagrams you must be familiar with before sitting for your A level economics exam (Paper 32 and paper 42).



Economic growth


1. Actual economic growth


Actual economic growth  diagram
Actual economic growth

Actual economic growth on the PPC curve  diagram
Actual economic growth PPC

2. Potential economic growth


Potential economic growth  diagram
Potential economic growth

Potential economic growth on the PPC curve  diagram
Potential economic growth on the PPC curve


3. Actual growth and potential growth


Actual growth and potential growth  diagram
Actual growth and potential growth

The macroeconomy


4. Positive output gap


Positive output gap  diagram
Positive output gap

5. Kuznet curve


Kuznet curve  diagram
Kuznet curve

6. Optimum population


Optimum population  diagram
Optimum population diagram

7. Cyclical unemployment


Cyclical unemployment  diagram
Cyclical unemployment

8. Increasing aggregate demand


Increasing aggregate demand  diagram
Increasing aggregate demand

9. Keynesian 45 degree diagram


 Keynesian 45 degree diagram
Keynesian 45 degree diagram


10. Rise in aggregate expenditure


Rise in aggregate expenditure  diagram
Rise in aggregate expenditure

11 Sector economy


Four sector economy equilibrium  diagram and two sector economy equilibrium  diagram
Four sector economy equilibrium

12. Inflationary gap, deflationary gap and impact on government spending


Inflationary gap, deflationary gap and impact on government spending Four sector economy equilibrium  diagram
Inflationary gap, deflationary gap and impact on government spending

13. Increase in autonomous investment


Increase in autonomous investment Four sector economy equilibrium  diagram
Increase in autonomous investment

14. Liquidity preference


An increase in money supply in liquidity preference diagram
Liquidity preference



16. Liquidity trap


Liquidity trap diagram
Liquidity trap

17. Effect of inflation on the external value of the currency


Effect of inflation on the external value of the currency diagram
Effect of inflation on the external value of the currency

18. Phillips curve

Phillips curve diagram
Phillips curve

19. The Laffer curve


Laffer curve diagram
Laffer curve

20. Tax deadweight loss


Tax deadweight loss diagram
Tax deadweight loss


21 Fiscal and monetary policy (in the case policy causes a fall in aggregate demand)

22 Supply-side policy (in the case policy causes a rise in aggregate supply)






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