* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Graphing Symbols
Survey
Document related concepts
Modern Monetary Theory wikipedia , lookup
Exchange rate wikipedia , lookup
Monetary policy wikipedia , lookup
Real bills doctrine wikipedia , lookup
Full employment wikipedia , lookup
Business cycle wikipedia , lookup
Phillips curve wikipedia , lookup
Ragnar Nurkse's balanced growth theory wikipedia , lookup
Early 1980s recession wikipedia , lookup
Interest rate wikipedia , lookup
Fiscal multiplier wikipedia , lookup
Transcript
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