The Economics of Macro Issues |
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activity after-tax aggregate demand assets automatic stabilizers average bank bonds business cycle capital cash changes Congress Consumer Price Index cost currency Discussion Questions dollars economists effect employer estimate example exchange rate expenditures exports FDIC federal government Federal Reserve finance fiscal policy foreign exchange market forward contract full employment full employment budget future German marks government spending higher income tax increase individuals interest rates inventory investment Key Terms labor force Laffer curve leisure loan marginal tax bracket marginal tax rates ment million money supply percent period Phillips curve ployment price controls private saving profits programs public debt purchasing power rate of inflation rate of unemployment real GNP recession reduce relative price rise sell stagflation subterranean economy supply side economics tax bracket tax revenues tax system U.S. Treasury unemployed unemployment benefits unemployment compensation unemployment rate United wage and price wage rate workers