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