Macro Ch 8 and 10 Vocabulary

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Macro Ch 8 and 10 Vocabulary

• APC
• APS
• MPC
• MPS
• wealth effect
• expected rate of return
• Multiplier
• Investment Demand Curve
• determinants of aggregate supply
• menu costs
• efficiency wages
• Sticky Prices

• aggregate demand
• real-balances effect
• interest-rate effect
• foreign purchases effect
• determinants of aggregate demand
• aggregate supply
• long-run aggregate supply curve
• Autonomous Consumption
• Autonomous Savings
• Sticky Wages
• Autonomous Investment