Definitions

Macroeconomic Definitions


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  1. The Circular Flow
    How the parts of the macroeconomy fit together.
    Hints:

  2. Supply and Demand Definitions

  3. Law of Markets and Equilibrium

  4. National Income and Product Accounts
    National Income, GDP and GNP

  5. Economic Growth

  6. Unemployment

  7. The Cost of Living
    Nominal and Real Values, the Consumer Price Index and the GDP Deflator, and Inflation

  8. Saving and Investment

  9. Money and Financial Markets

  10. Inflation

  11. International Macroeconomics