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
