Accelerator effect

Actual supply

Aggregate demand

Aggregate supply

Balance of payments

Balance of trade

Balanced budget

Budget deficit

Budget surplus

Buffer stock

Capital spending

Commodity

Competition

Complementary goods

Complete market failure

Composite demand

Contractionary fiscal policy

Cost push inflation

CPI (Consumer Price Index)

Credit crunch

Current account equilibrium

Cyclical unemployment

Deflation

Deindustrialisation

Demand

Demand deficient unemployment

Demand pull inflation

Demand-side fiscal policy

Demerit good

Deregulation

Derived demand

Discretionary fiscal policy

Diseconomies of scale

Disequilibrium

Disposable income

Division of labour

Economic goods

Economic growth

Economic welfare

Economies of scale

Effective demand

Excess demand

Excess supply

Exchange rate

Expansionary fiscal policy

Exporting

Externalities

Factor market

Information failure

Fiscal policy

Fixed costs

Free goods

Free-market economy

Free-rider problem

Frictional employment

GDP per capita

Geographical immobility

Globalisation

Goods and services

Government failure

GDP

Hot money

Human capital

Importing

Incidence of tax

Income

Income elasticity of demand

Inferior goods

Inflation

Injections

Interest rates

Investment

Invisibles

Joint supply

Keynesian

Labour market

Law of unintended consequences

Long-run AS

MEB (marginal external benefit)

MEC (marginal external cost)

MPB (marginal private benefit

MPC (marginal private cost)

MSB (marginal social benefit)

Market-clearing price

Market demand

Market failure

Market supply

Maximum price

Merit good

Minimum price

Monetary policy

Monetary Policy Committee (MPC)

Monopoly

Multiplier effect

Narrow money

Negative externalities

Negative output gap

Normal goods

Normative statements

Occupational immobility

Opportunity cost

Pollution permit

Positive externalities

Positive output gap

Positive statements

Price elasticity

Private good

Privatisation

Production

PPB

Productive efficiency

Productivity

Public good

Quasi-public good

Specialisation

Subsidies

Substitutes

Supply

Supply-side fiscal policy

Supply-side policies

Tight labour market

Trade union

Trade-off

Unemployment

Unemployment trap

Value judgements

Wealth

Withdrawals