Aggregate Demand

Aggregate Demand (AD) Curve

Real Balance Effect

Monetary Wealth

Purchasing Power

Interest Rate Effect

International Trade Effect

Wealth

Exchange Rate

Appreciation

Depreciation

Velocity

Aggregate Supply

Short-Run Aggregate Supply (SRAS) Curve

Short-Run Equilibrium

Natural Real GDP

Long-Run Aggregate Supply (LRAS) Curve

Long-Run Equilibrium

Say’s Law

Recessionary Gap

Inflationary Gap

Laissez-faire

Efficiency Wage Models

Consumption Function

Marginal Propensity to Consume (MPC)

Autonomous Consumption

Marginal Propensity to Save (MPS)

Multiplier

Progressive Income Tax

Proportional Income Tax

Regressive Income Tax

Budget Deficit

Budget Surplus

Balanced Budget

Cyclical Deficit

Structural Deficit

Public Debt

Fiscal Policy

Expansionary Fiscal Policy

Contractionary Fiscal Policy

Discretionary Fiscal Policy

Automatic Fiscal Policy

Crowding Out

Complete Crowding Out

Incomplete Crowding Out

Marginal (Income) Tax Rate

Laffer Curve

Tax Base