Course glossary
During lectures you will learn new words. Using this link you are welcome to add them to our "course glossary", so that other students will be able to see them and learn. Let's make our own useful glossary and help each other to learn new words! By the way, there are already some worlds which should be familiar for you till the end of the course, try to cover them when you mill have free time.
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
S |
|---|
StagflationA situation in the macroeconomy when inflation and the unemployment rate are both increasing. | |
StockA certificate that represents a claim to, or share of, the ownership of a firm. | |
Substitute goodsTwo goods are consumer substitutes if they provide essentially the same utility to the consumer. | |
Substitution effectThe change in qdemanded resulting from a change in the price of one good relative to the price of other goods. | |
Supply of loanable fundsThe positive relationship between the dollars saved and the real interest rate. | |
Supply shocksA supply shock is an economy-wide phenomenon that affects the costs of firms, and the position of the as curve, either positively or negatively. | |
Supply side fiscal policyFiscal policy centered on tax reductions targeted to as so that gdpr increases with very little inflation. The main justification is that lower taxes on individuals and firms increase incentives to work, save, invest and take risks. | |
Supply-side boomWhen the as curve shifts outward and the ad curve stays constant, pl falls, gdpr increases and the unemployment rate falls. | |
T |
|---|
Tax bracketA range of income on which a given marginal tax rate is applied. | |