University of Phoenix Material Macroeconomic Te

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University of Phoenix Material

 

Macroeconomic Terms

 

Define the following terms in your words.

 

 

Term Definition Definition Source
Gross Domestic Product (GDP)  

 

  
Real GDP  

 

  
Nominal GDP  

 

  
Unemployment rate  

 

  
Inflation rate  

 

  
Fiscal Policy  

 

  
Monetary Policy  

 

  
Aggregate Demand (AD) Curve  

 

  
Macroeconomics

 

    
Microeconomics

 

    
Circular Flow Model

 

    
Supply Curve

 

    
Demand Curve