2017-07-27T18:29:57+03:00[Europe/Moscow] en true Supply-side economics, Debt restructuring, Crowding out (economics), Exchange rate, Gross national income, Gross national product, Seigniorage, Washington Consensus, Stockholm school (economics), Money multiplier, Laffer curve, Multiplier (economics), Redistribution of income and wealth, International monetary systems, National wealth, Price system, History of macroeconomic thought flashcards Macroeconomics
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  • Supply-side economics
    Supply-side economics is a macroeconomic theory that argues economic growth can be most effectively created by investing in capital and by lowering barriers on the production of goods and services.
  • Debt restructuring
    Debt restructuring is a process that allows a private or public company, or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts in order to improve or restore liquidity so that it can continue its operations.
  • Crowding out (economics)
    In economics, crowding out is argued by some economists to be a phenomenon that occurs when increased government involvement in a sector of the market economy substantially affects the remainder of the market, either on the supply or demand side of the market.
  • Exchange rate
    In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, ER, FX rate or Agio) between two currencies is the rate at which one currency will be exchanged for another.
  • Gross national income
    The gross national income (GNI) is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents (Todaro & Smith, 2011: 44).
  • Gross national product
    Gross national product (GNP) was the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country.
  • Seigniorage
    Seigniorage /ˈseɪnjərɪdʒ/, also spelled seignorage or seigneurage (from Old French seigneuriage "right of the lord (seigneur) to mint money"), is the difference between the value of money and the cost to produce and distribute it.
  • Washington Consensus
    The Washington Consensus is a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.
  • Stockholm school (economics)
    The Stockholm School (Swedish: Stockholmsskolan), is a school of economic thought.
  • Money multiplier
    In monetary economics, a money multiplier is one of various closely related ratios of commercial bank money to central bank money under a fractional-reserve banking system.
  • Laffer curve
    In economics, the Laffer curve is a representation of the relationship between rates of taxation and the resulting levels of government revenue.
  • Multiplier (economics)
    In macroeconomics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable.
  • Redistribution of income and wealth
    Redistribution of income and redistribution of wealth are respectively the transfer of income and of wealth (including physical property) from some individuals to others by means of a social mechanism such as taxation, charity, welfare, public services, land reform, monetary policies, confiscation, divorce or tort law.
  • International monetary systems
    International monetary systems are sets of internationally agreed rules, conventions and supporting institutions, that facilitate international trade, cross border investment and generally the reallocation of capital between nation states.
  • National wealth
    National (net) wealth, also net wealth (in Singapore), national net worth, gross national wealth (GNW), and total national wealth, is the total sum value of monetary assets minus liabilities of a given nation.
  • Price system
    In economics, a price system is a component of any economic system that uses prices expressed in any form of money for the valuation and distribution of goods and services and the factors of production, and the price system will only function in the setting of Economic liberalism of the political economy of liberal democracy.
  • History of macroeconomic thought
    Macroeconomic theory has its origins in the study of business cycles and monetary theory.