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Economics

College Level

TermDefinition
Consumption
Investment
GDP Gap
Fiscal Stimulus
Fiscal Restraint
Budget Deficit
Budget Surplus
Aggregate Demand
Aggregate Supply
Fiscal Policy
Macro Equilibrium
Unemployment
Unemployment Rate
Relative Price
Nominal Income
Price Stability
Macroeconomics
Business Cycle
Gross Domestic Production
Labor Force
Consumer Price Index
Deflation
Inflation
Full Employment GDP
Real GDP
Recession
Inflation Rate
Nominal GDP
Production Possibilities
Monetary Policy
Supply- Side Policy
Real Income
Marginal Propensity to Consume (MPC)
Marginal Propensity to Save (MPS)
Multiplier The multiple by which an initial change in aggregate spending will alter total expenditures after an infinite number of spending cycles. 1/(1-mpc)
Disposable Income After tax income of consumers
Created by: trex12
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