Accelerator coefficient is the magnitude of increase in investment due to a given increase in output/demand.
Annuity is a financial product with fixed stream of payments over time.
Automatic stabilizers are mechanisms that counteract and reduce the impact of business cycles.
Autonomous expenditures are expenditures that do not depend on income or production. Each sector of consumption, investment, government expenditures, and net exports is assumed to have a component that is a function of income or production and a portion that is not.
Balanced budget multiplier is the multiplier when changes in government expenditures and taxes are equal.
Barter is the exchange of one thing for another when neither good is “money.”
Business cycle ...
Get Fiscal Policy within the IS-LM Framework now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
