Download Graphing Symbols

Common Macro Graphing Symbols: McConnell and Brue (15th):
And Vocabulary for AP Macroeconomics
Symbol:
Meaning:
C
consumption
Savings
savings (use “S” for individual product Supply)
Y/FE
Income or Full Employment Income on AD/AS graph
P
price
Q
quantity (individual products or aggregate q. of GDP)
PPC
production possibilities curve = PPF = prod. poss. frontier
D
demand of an individual product
S
supply of an individual product
GDP
gross domestic product
DI
disposable income
MPC
marginal propensity to consume
MPS
marginal propensity to save
ID
investment demand for funds
Ig
gross investment by businesses
AE
aggregate expenditures
GDPr
real Gross Domestic Product
G
government expenditures
Xn
net Exports (Exports “minus” Imports)
AD
aggregate demand
AS or SRAS
aggregate supply (short run)
LRAS
aggregate supply, long run
GDPf (Qf)/FE full employment GDP
T
taxes
i or ir
interest rate (%) (lower case i is usually nominal interest)
DM/MD
demand for money or money demand
SM/MS
supply of money or money supply
DLF
demand for Loanable Funds
SLF
supply of Loanable Funds
PC/SRPC
Phillips Curve (short run)
LRPC
Phillips Curve long run
NRU
Natural Rate of Unemployment
(PL)
price level (McConnell always spell it out in the graphs)
S$
supply of US dollars
D$
demand for US dollars
i
nominal interest rates
r
real interest rates
Appreciation
Depreciation
Disposable Income
Consumption
Capital Goods
Consumer Goods
Efficient
Recession
Aggregate
Fiscal
Deficit
Liquidity
Macroeconomics
Opportunity Cost
Gross
Net
Money
Savings
Δ=Change
Π=(pi) inflation
Capitalism
Entrepreneur
Profit
Tax
Transfer payments
Corporation
Sole Proprietorship
Tariff
NAFTA
Consumer Price Index (CPI)
Inflation
Equilibrium
Infrastructure
Surplus