business cycle aggregate supply (sr) aggregate …...contractionary fiscal policy cost/push...
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Aggregate Demand
Aggregate Demand Change
Aggregate Demand OutwardShift
Aggregate Supply (SR)
Business Cycle
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Changes in Keynesian ShortRun Equilibrium
Circular Flow of Income
Contractionary Fiscal Policy
Cost/Push Inflation
Crowding Out
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Cyclical Unemployment
Deflationary Gap
When output is smaller than Yfeas a result of decreased AD
Demand/Pull Inflation
Expansionary Fiscal Policy
Growth of Actual Output
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Growth of Potential Output
Inflationary Gap
When output is greater than Yfe as a result of increasedAD
Keynesian Aggregate Supply
Keynesian AS shifts
Keynesian Equilibrium
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Keynesian LRAS Curve
Keynesian LRAS Shift
Laffer Curve
Long Run Aggregate Supply
Long Run Equilibrium
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Long Run Phillips Curve
Lorenz Curve
LRAS shifts
Multiplier EffectAn injection causes an initial shift of AD (a),followed by a further shift (b) as the injection
circulates in the economy.
Natural Rate ofUnemployment
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Neo-Classical DeflationaryGap
Neo-Classical Inflationary Gap
Neo-Classical Long RunEquilibrium
Neo-Classical LRAS Curve
Phillips Curve - Short Run
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PPC
Return to Equilibrium ifGDP<Full Employment level of
GDP
Return to Equilibrium ifGDP>Full Employment level of
GDP
Short Run Diagram
Short Run Equilibrium
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SRAS shifts
Short Run Aggregate Supply Shift
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