Home > Blossary: sophisticated terms of economic theory
These are complex terms used in in-depth economic thesis. This glossary will help you at a meaningful level in learning economic theory.

Category: Business

23 Terms

Created by: zzcgood

Number of Blossarys: 7

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The ratio of the change in aggregate output (GDP) to a change in government spending, which are matched by an equal change in taxes. This is termed a balanced-budget multiplier because the change in ...

Domain: Economy; Category: Economics

What a bank owns, including loans, reserves, investment securities, and physical assets. Bank assets are typically listed on the left-hand side of a bank's balance sheet. Bank liabilities, what a ...

Domain: Economy; Category: Economics

The industry consisting of financial intermediaries that maintain deposits (that is, the industry of banks). Banking is one of several financial industries, with insurance and stock trading two other ...

Domain: Economy; Category: Economics

The basic macroeconomic sector containing the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services. The key ...

Domain: Economy; Category: Economics

Actions on the part of government that affect economic activity, resource allocation, and especially the voluntary decisions made through normal market exchanges. Government, by its very nature, is ...

Domain: Economy; Category: Economics

Gross domestic product (GDP) is the total market value of all goods and services produced within the political boundaries of an economy during a given period of time, usually one year. GDP is ...

Domain: Economy; Category: Economics

Ceteris paribus factors, other than aggregate income or production, that are held constant when the government purchases line is constructed and which cause the government purchases line to shift ...

Domain: Economy; Category: Economics

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