IB Economics/Macroeconomics

3.1 /Measuring National Income/ 3.2 /Introduction to Development/ 3.3 /Macroeconomic Models/ 3.4 /Demand-side and Supply-side policies/ 3.5 /Unemployment and Inflation/ 3.6 /Distribution of Income/ Key Terms 310px|right Accelerator (HL) Aggregate demand Aggregate supply Bonds Business cycle (trade cycle) Circular flow of income Consumption Cost-push inflation Crowding out (HL) Deflation Deflationary gap Demand deficient/cyclical unemployment Demand-pull inflation Demand-side policy Depression Direct taxation Economic growth Economic development Expectations Factor markets Fiscal policy Frictional unemployment Full employment Gini coefficient (HL) Gross Domestic Product (GDP) Gross National Product (GNP) Human Development Index (HDI) Indirect taxation Inflation Inflationary gap Investment Laffer curve (HL) Long run aggregate supply (LRAS) Lorenz curve (HL) Monetary policy Multiplier (HL) Natural rate of unemployment Net National Product (NNP) Nominal GDP Open market operations Per capita GDP Phillips curve (HL) Product markets Progressive taxation Proportional taxation Quantity theory of money Real GDP Real wage unemployment Recession Regressive taxation Seasonal unemployment Short run aggregate supply (SRAS) Stagflation Structural unemployment Supply-side policy Transfer payments Underemployment Unemployment rate Unemployment