Economics definitions: F582

Current account deficit

Nominal GDP

Labour productivity

Unemployment rate

Claimant count

Average propensity to consume (APC)

Inflation

Consumer price index

Corporation tax

Retail prices index (RPI)

Real GDP

Aggregate Demand

Cyclical unemployment

Gross Domestic Product

Price level

Exchange rate

Consumer expenditure

Structural unemployment

Investment

Tariff

Government spending

Frictional unemployment

Exports

Government bond

Imports

Net exports

Transfer payments

Job seekers allowance

Demand pull inflation

Trade surplus

Trade deficit

Cost push inflation

Rate of interest

Hysteresis

Menu costs

Shoe leather costs

Inflationary noise

Real interest rate

Fiscal drag

Monetary Policy Committee (MPC)

Fiscal Policy

Monetary policy

Aggregate Supply

Privatisation

Macroeconomic equilibrium

Supply side policies

Reflationary

Deflationary

Circular flow of income

Leakages

Injections

Discretionary fiscal policy

Automatic stabilisers

Multiplier effect

Overheating

Progressive tax

Regressive tax

Output Gap

Tariff

Quota

Economic growth

Occupational immobility of labour

Unemployment

Protectionism

Labour force

Deflation

Voluntary export restraint

Balance of payments

Inflation rate

Sustainable economic growth

Full employment