macroeconomics

GDP

nominal GDP

real GDP

economic growth

consumption expenditures

private investment expenditures

gross investment

depreciation

net investment

goverment purchases

transfer payments

net exports

export

import

trade deficit

trade surplus

employed

labor force

unemployment rate

unemployment rate

labor force participation rate

discouraged workers

cyclical unemployment

frictional unemployment

structural unemployment

natural rate of unemployment

full employment

unemployment insurance

consumer price index

cost-of-living adjustments

inflation rate

deflation

anticipated inflation

menu costs

shoe-leather costs

unanticipated inflation

hyperinflation

real GDP per capita

growth rate

rule of 70

convergence

capital deepening

technological process

human capital

saving

growth accounting

creative destruction

short run in macroeconomics

aggregate demand curve

real-nominal principle

wealth effect

the interest rate effect

the international trade effect

changes in the supply of money

changes in taxes

changes in government spending

multiplier

consumption function

autonomous consumption spending

marginal propensity to conusmer

marginal propensity to save

aggregate supply curve

long-run aggregate supply curve

short-run aggregate supply curve

supply shocks

stagflation

fiscal policy

expansionary policies

contractionary policies

stabilization policies

inside lags

outside lags

discretionary spending

entitlement and mandatory spending

medicare

medicaid

social security

supply-side economics

Laffer Curve

budget deficit

budget surplus

automatic stabilizers

permanent income

money

medium of exchange

barter

double coincidince of wants

principle of voluntary exchange

unit of account

store of value

commodity money

gold standard

fiat money

M1

M2

balance sheet

owners equity

reserves

require reserves

excess reserves

reserve ratio

money multiplier

central bank

lender of last resort

monetary policy

federal reserve bank

federal open market committee

board of governers of the federal reserve

money market

transaction demand for money

principle of opportunity cost

open market operations

open market purchases

open market sales

discount rate

federal funds market

federal funds rate