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🥨Intermediate Macroeconomic Theory
Key Terms

209 essential vocabulary terms and definitions to know for your Intermediate Macroeconomic Theory exam

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A

Absolute Income Hypothesis
Accelerator theory
Access to credit
Actual Investment
Adjusted Net National Income
Aggregate demand and supply graph
Aggregate Expenditure
Ak model
Asset prices
Average productivity

B

Bear market
Behavioral Economics
Broad money supply (M2)
Budget surplus
Bull market
Business confidence
Business fixed investment
Business investment

C

Capacity Utilization
Capital account
Capital Controls
Capital flight
Chain-weighted index
Chained Dollars
Circular Flow Model
Cobb-Douglas Utility Function
Constant Dollars
Consumer Expectations
Consumer sentiment
Consumption inequality
Consumption smoothing
Convergence
Core Inflation
Cost-push inflation
Credit channel
Credit crunch
Credit spreads
Crowding In
Currency depreciation
Currency valuation
Current account
Current account deficits
Current Account Surpluses
Cyclical unemployment

D

David Hume
Debt sustainability
Deflationary spiral
Demand shock
Demand-driven cycles
Demand-pull inflation
Depreciation Rate
Devaluation
Diminishing Returns
Discounting future utility
Durable Goods
Dynamic analysis

E

Economic convergence
Economic Output
Economic volatility
Edmund Phelps
Education investment
Elasticity Approach
Exogenous Factors
Exogenous Technological Change
Expectations
Expectations effect
Expected Rate of Return
Export competitiveness

F

Financial Markets
Fiscal policy coordination
Fiscal Stimulus
Fisher Effect
Fixed investment
Flexible Prices
Foreign exchange effect