Economics Part B

Table of Contents
Inflation and the Consumer Price Index
Inflation Deflation – Meaning and Explanation
The Consumer Price Index
The Theory of the Money Supply
Money Supply
Employment and Unemployment
Employment and Unemployment overview
Understanding the Unemployment Ratio
Understanding Four Categories of Unemployment
Dr. Keynes and His Theory
Dr. Keynes – General overview
The Nature of Unemployment
Aggregate demand and supply
GDP definition and effect
Keynes’ Magic Faucet During a Period of Inflation
Keynes’ Explanation Concerning Curves
All Keynes’ Curves Explained
Keynes’ Theory Explained
Reflection about the Three Situations in the Transformation Curve
Specific measures in the event of a deflationary gap
Money Equation
Basic Concepts in Economics
Average cost
Balance of Payments
Budget Deficit definition
Capital account
Cartel
Cash
Central bank
Civilian labor force
Complementary products
Consumer Price Index
Consumer product
Consumption
Consumption capacity curve
Cumulative demand
Cumulative supply
Current account
Current Accounts
Curve
Cyclical Unemployment
Deflation
Deflationary gap
Demand (for a product)
Deposits
Deposits multiplier
Direct tax
Disposable Income
Duopoly
Elasticity
Employees
Equilibrium
Equilibrium price
Expenditure (money)
Exports
External infusion
Factors of production Explained
FC (foreign currency)
Final Product
Financial account (of the country)
Free market economy
Frictional Unemployment
Gini coefficient
GNP per person (or- product per person)
Government Expenditure
Government income
Government intervention
Government support Payments
Gross investment (with respect to a country)
Gross National Product
Growth
Imports
Income
Indirect tax
Inequality of income (from salaries)
Inflation and the Consumer Price Index
Inflationary gap
Intermediate product (= raw material)
Internal infusion
Investment
Investment goods
Keynes
Loan
Loans multiplier (see deposits multiplier previously)
Lorenz Curve
Macro-economics
Marginal cost
Marginal expenditure
Production
Marginal Production
The Maximum price
Means of payment
Micro-economics – Macro-economics
Minimum price
Minimum wage
Money base
Monopoly in Economics
National Accounts
National Debt
Natural unemployment
Net investment (with respect to a country)
Net local product
NFO – (Not For Profit Organization)
Poverty
Private sector
Product
Product Cost
Production
Progressive tax
Public-government sector
Rate of participation in the workforce
Rate of unemployment
Raw material
Regressive tax
Relative Advantage
Reserve ratio
Revenues
Gross Salary and Net Salary
Savings
Shortage
State budget
Structural unemployment
Subsidy
Substitute products
Supply
Surplus
Role of Tax
Transfer payments
Transformation curve
Unemployment
Velocity of circulation of money

Minimum wage

Monopoly in Economics

Money base

The total value of banknotes in the country (banknotes held by the public + banknotes held in bank safes).

Minimum wage

Monopoly in Economics