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The sum of consumption expenditures,
investment expenditures, government purchases of goods and services, and
net exports of goods and services.
The tendency toward
recurrent periods of business expansion and recession evidenced in
aggregate economic performance.
Changes in government
purchases of goods and services, transfer payments, and taxes.
The percentage increase in
prices during a specified period.
Government policies which
operate on the equilibrium money supply to achieve price, employment, or
other macroeconomic goals.
Narrowly defined, cash
outside the Treasury, the Federal Reserve banks, and commercial banks plus
demand deposits at commercial banks. Broadly defined, those two items plus
savings deposits at commercial banks and checking deposits in other
financial institutions.
The effect arising from the
relationship between consumption expenditures and disposable income which
causes changes in autonomous expenditures to produce larger change in
equilibrium, output and real income (with the full-employment constraint on
output and the dampening influence of the money market neglected).
Programs designed to add
structurally unemployed workers directly to government employment.
The percent of the labor
force unemployed.
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