National Income/Price Determinates

National Income/Price Determinates Unit 3 AP Macroeconomics

  1. Definition of Term. Be concise, detailed and use complete sentences.
  2. Give 2 examples for each term related to the “real world”, how it applies to everyday life.
    Use complete sentences.
  3. Aggregate Expenditures Model
  4. Aggregate Demand
  5. Wealth Effect
  6. Interest Rate Effect
  7. Gross Income
  8. Disposable Income
  9. Marginal Propensity to Consume (MPC)
  10. Marginal Propensity to Save (MPS)
  11. Spending Multiplier
  12. Multiplier Effect
  13. Tax Multiplier
  14. Macroeconomics Equilibrium
  15. Aggregate Supply
  16. Sticky Prices
  17. Supply Shock
  18. Short-Run
  19. Long-Run
  20. Long-Run Aggregate Supply Curve (LRAS)
  21. Short-Run Aggregate Supply Curve (SRAS)
  22. Say’s Law
  23. Negative (Recessionary) Output Gap
  24. Positive (Inflationary) Output Gap
  25. Potential Output
  26. Full Employment
    1. Demand-Pull Inflation
  27. Cost-Push Inflation
  28. 2Stagflation
  29. Capital Stock (economics definition)
  30. Fiscal Policy
  31. Monetary Policy
  32. Dissaving
  33. Autonomous Consumption
  34. Economic Policy
  35. Discretionary Fiscal Policy
  36. Expansionary Fiscal Policy
  37. Non-Discretionary Policy
  38. Contractionary Fiscal Policy
  39. Economic Growth
  40. Automatic Stabilizers
  41. Keynesian Economics

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