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🥨Intermediate Macroeconomic Theory
Key Terms

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

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1/(1-mpc)
1970s stagflation
2008 financial crisis

A

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

B

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

C

Capacity Utilization
Capital account
Capital accumulation
Capital Controls
Capital flight
Chain-weighted index
Chained Dollars
Changes in Consumer Confidence
Circular Flow Model
Cobb-Douglas Utility Function
Constant Dollars
Consumer confidence
Consumer Demand
Consumer Expectations
Consumer sentiment
Consumption inequality
Consumption smoothing
Contractionary fiscal policy
Contractionary monetary policy
Convergence
Core Inflation
Cost of capital
Cost-push inflation
Covid-19 pandemic impact on economy
Credit channel
Credit crunch
Credit spreads
Cross-country comparisons
Crowding In
Currency appreciation
Currency depreciation
Currency valuation
Current account
Current account deficits
Current Account Surpluses
Cyclical unemployment

D

Data reliability
David Hume
David Ricardo
Debt sustainability
Deflation
Deflationary spiral
Demand deposits
Demand shock
Demand-driven cycles
Demand-pull inflation
Depreciation Rate
Devaluation
Diminishing Marginal Utility