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Economics
College Level
Term | Definition |
---|---|
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 |