| | | | | | Page numbers in italics indicate illustrations. Those followed by a t indicate tables; those followed by a c indicate curiosities. | | | |  | | | | | Accelerationist hypothesis, 212 | | | | | | | | | Accounting, generational, 250c | | | | | | | | | Aggregate demand (AD), 51-75 | | | | | | | | | automatic stabilizers and, 120-122 | | | | | | | | | circular-flow diagram of, 52-53, 72-73 | | | | | | | | | components of, 52, 73 | | | | | | | | | crowding out and, 119-125 | | | | | | | | | equilibrium level of, 52, 56 | | | | | | | | | excess, 53-54 | | | | | | | | | financing of, 107-108, 109 | | | | | | | | | income and, 52-53 | | | | | | | | | inventory changes and, 57, 58 | | | | | | | | | media illustrations of, 61-63 | | | | | | | | | national income and, 54-56 | | | | | | | | | overview of, 52-53 | | | | | | | | | policy implications of, 59-61 | | | | | | | | | price levels and, 79-80 | | | | | | | | | Say's law and, 71, 72 | | | | | | | | | Aggregate demand (AD) curve, 78, 79-81, 337-339 | | | | | | | | | derivation of, 98-99 | | | | | | | | | vs. microeconomic curve, 84c | | | | | | | | | Aggregate income, 13 | | | | | | | | | Aggregate output, 13 | | | | | | | | | Aggregate supply (AS) | | | | | | | | | aggregate demand and, 54-56 | | | | | | | | | determination of, 53-55 | | | | | | | | | government spending and, 55-58 | | | | | | | | | inattention to, 77, 88-89, 91 | | | | | | | | | in Keynesian theory, 88 | | | | | | | | | Aggregate-supply/aggregate-demand (AS/AD) diagram, 337-339 | | | | | | | | | advantages of, 84c | | | | | | | | | aggregate demand curve in, 79-80, 98-99 | | | | | | | | | aggregate supply curve in, 78-79 | | | | | | | | | applications of, 80-81 | | | | | | | | | Aggregate supply (AS) curve, 78-79, 337, 338 | | | | | | | | | long-run, 81, 83, 84, 88-89 | | | | | | | | | short-run, 81, 82-83, 88, 89 | | | | | | | | | Airport economics, 2 | | | | | | | | | Automatic stabilizers, 120-122, 124 | | | | | | | | | Balanced-budget multiplier, 123c | | | | | | | | | Balance of payments, 257-273 | | | | | | | | | capital account in, 252, 264-265 | | | | | | | | | current account in, 261, 262, 264-265 | | | | | | | | | deficit in, 259 | | | | | | | | | sterilization policy and, 281-282 | | | | | | | | | definition of, 258 | | | | | | | | | exchange rate and, 259, 261c, 276-284. | | | | | | | | | See also Exchange rate | | | | | | | | | media illustrations of, 264-265 | | | | | | | | | nominal interest rates and, 312-315 | | | | | | | | | official settlements account in, 262t, 263 | | | | | | | | | principle of comparative advantage and, 271-273 | | | | | | | | | real interest rates and, 260, 310 | | | | | | | | | statistical discrepancy in, 262t, 263c | | | | | | | | | surplus in, 259 | | | | | | | | | trade balance in, 261-262 | | | | | | | | | Balance of payments accounts, 260-263 | | | | | | | | | Balance on goods and services, 261-262 | | | | | | | | | principle of comparative advantage and, 271-273 | | | | | | | | | Bank(s) | | | | | | | | | central. See Federal Reserve System | | | | | | | | | as financial intermediaries, 143 | | | | | | | | | investment, 144 | | | | | | | | | Banking, fractional-reserve, 133-134 | | | | | | | | | Basis point, 183 | | | | | | | | | Bond market. See Money market | | | | |
