ECON112: Principles of Macroeconomics: Books

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Key Words & Terminologies:

• trade-off :  a balance achieved between two desirable but incompatible features; a compromise.
• Inflation : is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods. 
• Aggregate demand:  is an economic measurement of the total amount of demand or all finished goods and services produced in an economy.  Aggregate demand is expressed as the total amount of money exchanged for those goods and services at a specific price level and point in time 
• Fiscal policy:  is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.  
• Demand:  an insistent and peremptory request, made as of right.

Put phrases in quotes: "Monetary Policy"

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