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Aggregate Demand
Aggregate Demand (AD) Curve
Real Balance Effect
Monetary Wealth
Purchasing Power
Interest Rate Effect
International Trade Effect
Wealth
Exchange Rate
Appreciation
Depreciation
Velocity
Aggregate Supply
Short-Run Aggregate Supply (SRAS) Curve
Short-Run Equilibrium
Natural Real GDP
Long-Run Aggregate Supply (LRAS) Curve
Long-Run Equilibrium
Say’s Law
Recessionary Gap
Inflationary Gap
Laissez-faire
Efficiency Wage Models
Consumption Function
Marginal Propensity to Consume (MPC)
Autonomous Consumption
Marginal Propensity to Save (MPS)
Multiplier
Progressive Income Tax
Proportional Income Tax
Regressive Income Tax
Budget Deficit
Budget Surplus
Balanced Budget
Cyclical Deficit
Structural Deficit
Public Debt
Fiscal Policy
Expansionary Fiscal Policy
Contractionary Fiscal Policy
Discretionary Fiscal Policy
Automatic Fiscal Policy
Crowding Out
Complete Crowding Out
Incomplete Crowding Out
Marginal (Income) Tax Rate
Laffer Curve
Tax Base
