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 Inflation and the Consumer Price Index Economics Part B Inflation and the Consumer Price Index
