Circular flow of income and expenditure. Gross domestic product.
Aggregate_demand_and_aggregate_supply
Aggregate demand and aggregate supply. Keynesian thinking. Demand-pull and cost-push inflation. Fiscal and monetary policy.
Fractional reserve banking and the money supply.
Income_and_expenditure_Keynesian_cross_and_IS_LM_model
Consumption function. Marginal propensity to consume and multiplier. Keynesian Cross and IS-LM model.
Balance of payments. Current account. Capital account. Currency reserves and speculative attacks.
Inflation_measuring_the_cost_of_living
Inflation and deflation. CPI-U. Real and nominal return. Phillips Curve.
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