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WorksheetsModules 30 - 33
Total questions: 12
Worksheet time: 6mins
An estimate of what the budget balance would be if real GDP were exactly equal to potential output.
debt-GDP ratio
cyclically adjusted budget balance
government debt
consumber debt
The accumulation of past budget deficits, minus past budget surpluses.
consumer debt
debt-GDP ratio
government debt
cyclically adjusted budget balance
The Federal Reserve's desired level for the federal funds rate; the Federal Reserve can achieve this target through open market operations.
expansionary monetary policy
target federal funds rate
government debt
money demand curve
The government's debt as a percentage of GDP.
cyclically adjusted budget balance
debt-GDP ratio
government debt
money supply curve
Monetary policy that increases aggregate demand.
Taylor rule for monetary policy
inflationary targeting
expansionary monetary policy
contractionary monetary policy
Monetary policy that reduces aggregate demand.
government debt
expansionary monetary policy
contractionary monetary policy
Taylor rule for monetary policy
Rule for setting the federal funds rate that takes into account both the inflation rate and the output gap.
expansionary monetary policy
Taylor rule for monetary policy
contractionary monetary policy
inflationary targeting
When the central bank sets an explicit target for the inflation rate and sets monetary policy in order to hit that target.
expansionary monetary policy
inflationary targeting
contractionary monetary policy
money supply curve
The concept that changes in the money supply have no real effects on the economy.
money demand curve
monetary neutrality
Expansionary monetary policy
money supply curve
A reduction in the value of money held by the public caused by inflation.
inflation rate
inflation tax
unemployment tax
demand inflation curve
Inflation caused by a significant increase in the price of an input with economy-wide importance.
CPI index
cost-push inflation
demand pull inflation
inflation tax
Inflation caused by an increase in aggregate demand.
inflation tax
cost-push inflation
demand-pull inflation
money supply curve
