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Macroeconomics
| Questions |
Answers |
| A keynesian term for a relation between the changes in demand for consumer goods and changes in the demand for capital goods |
accelerator |
| A type of inventory investment when customers buy a different amount of product than expected |
unintended |
| A keynesian term for a relation between the changes in consumption and changes in output |
multiplier |
| A situation with a very high levels of unemployment and very low levels of output, compared to the historical average |
depression |
| A neoclassical term for balance between the output, spendings and income |
equilibrium |
| Period in the busness cycle when the real output is increasing and unemployment is declining |
expansion |
| Period in the busness cycle when the output is decreasing and unemployment is rising |
recession |
