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College Level

        Help!  

Term
Definition
Consumption    
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Investment    
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GDP Gap    
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Fiscal Stimulus    
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Fiscal Restraint    
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Budget Deficit    
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Budget Surplus    
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Aggregate Demand    
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Aggregate Supply    
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Fiscal Policy    
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Macro Equilibrium    
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Unemployment    
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Unemployment Rate    
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Relative Price    
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Nominal Income    
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Price Stability    
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Macroeconomics    
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Business Cycle    
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Gross Domestic Production    
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Labor Force    
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Consumer Price Index    
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Deflation    
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Inflation    
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Full Employment GDP    
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Real GDP    
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Recession    
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Inflation Rate    
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Nominal GDP    
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Production Possibilities    
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Monetary Policy    
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Supply- Side Policy    
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Real Income    
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Marginal Propensity to Consume (MPC)    
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Marginal Propensity to Save (MPS)    
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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)  
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Disposable Income   After tax income of consumers  
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