AbilitytopayprincipleoftaxationAbsoluteadvantage(ininternationaltrade(ABABBcomparativeadvantageAcceleratorprincipleActual,cyc1icalandstructualbudgetAdaptiveexpectationsexpectationsAdjustablepeg19441971AdministeredorinflexiblepricespriceflexibilityAdverseselectionAggregatedemandAggregatedemandADcurveAggregatesupplyAggregatesupplyAScurveLAllocativeefficiencyParetoefficiencyAntitrustlegislationAppreciationofacurrencydepreciationAppropriableinappropriableArbitrageAssetAssetdemandformoneydemandformoneyAutomaticorbuiltinstabilizersAveragecostcostaverageoveragecostcurvelongrunLRACLACAveragecostcurveshortrunSRACSACAveragefixedcostcostaveragefixedAverageproductAveragepropensitytoconsumemarginalpropensitytoconsumeAveragerevenueAveragevariablecostcostaveragevariableBBalanceofinternationalpaymentBalanceoftradeBalanceofcurrentaccountbalanceoftradeBalancesheetBalancedbudgetbudgetbalancedBankcommercialBankmoneyM1bankreservesreservesbankBarrierstoentryBarterBenefitprincipleoftaxationBondBreakevenpointinmacroeconomicsBrettonwoodsSystemadjustablepegBroadmoneyM2M1BudgetBudgetbalancedBudgetconstraintbudgetlineBudgetdeficitBudgetgovernmentBudgetlinebudgetconstraintBudgetsurplusbudgetdeficitBuilt-instabilizersautomaticstabilizersBusinesscycles210GDPGDPCCICIGorCIGXscheduleCI,CIGCIGXGDPCIGXCapital(capitalgoodscapitalequipmentl2CapitalconsumptionallowancedepreciationCapitaldeepeningcapitalwideningCapitalgainsCapitalmarketsfinancialintermediariesCapitaloutputratio--GDPCapitalwideningcapitaldeepeningCapitalismCardinalutilityordinalutilityCartelCentralbankChangeindemandvschangeinquantitydemandedChangeinsupplyvssupplyinquantityCheckingaccountorbankmoneyM1checkabledepositM1ChicagoSchoolofEconomics··ClassicalapproachclassicaleconomicsClassicaleconomics·1776···ClassicaltheoriesinmacroeconomicsClearingmarketflexibleClosedeconomyopeneconomyCoasetheorem·RonaldCoaseCollectivebargainingCollusionCollusiveoligopolyCommandeconomyCommoditymoneyCommonstockCommunismComparativeadvantageininternationaltradeCompensatingdifferentialsCompetitionimperfectCompetionperfect12CompetitveequilibriumCompetitivemarketcompetitionperfectComplementsCompoundinterest10100101110110ConcentrationratioConglomerateConglomeratemergermergerConstantreturnstoscalereturnstoscaleConsumerpriceindexCPI19821984ConsumersurplusConsumptionConsumptionfunctionPDIConsumption-possibilitylinebudgetlineCooperativeequilibriumjointpayoffsCorporateincometaxCorporationCorrelationCostaveragecosttotalCostaveragefixedCostaveragevariablecostvariableCostfixedCostmarginal11CostminimumCostpushinflationASsupply-shockCosttotalCostvariableCrawlingorslidingpeg025CreditI2CrosselasticityofdemandB1ACrowdingouthypothesisCurrencyCurrencyappreciationordepreciationdepreciationofacurrency]CurrentaccountbalanceoftradeCyclicalbudgetactualcyclicalandstructuralbudget)CyclicalunemploymentfrictionalunemploymentDDeadweightlossDebitl2DecreasingreturnstoscalereturnstoscaleDeficitspendingDeflatingofeconomicdataDeflationDemandcurveordemandscheduleYXchangeindemandvschangeinquantitydemandedDemandformoneyltransactionsdemand2assetdemandDemand-pullinflationcost-pushinflationDemographyDepreciationofanassetcapitalconsumptionallowanceDepreciationofacurrency1614appreciationDepressionrecessionGNPDeriveddemandDevaluation1971revaluationDevelopingcountrylessdevelopedcountryDifferentiatedproductsDiminishingmarginalutilitylawofDiminishingreturnslawofDirecttaxesDiscountratel2Discountingoffutureincome212110%1110discountrateDiscriminationDisequilibriumDisinflation19801983DisposableincomeDIGNPDisposablepersonalincomedisposableincomeDissavingDistributionDivisionoflaborDominantequilibriumdominantstrategyDominantstrategydominantequilibriumDownwardslopingdemandlawofDuopolyoligopoly]DuopolypricewarEEasymoneypolicyGDPtightmoneypolicyEconometricsEconomicgoodsEconomicgrowthGDPGDPEconomicreguationregulationEconomicrentrenteconomicEconomicsurplusEconomicsofinformationEconomiesofscaleEconomiesofscopeXYEffectivetaxrateEfficiencyallocativeefficiencyEfficiencywagetheoryEfficientmarketElasticityXYYXpriceelasticityofdemandpriceelasticityofsupplyEmployedunemploymentEqualcostlineEqualproductcurveorisoquantEquilibriumEquilibrumforabusinessfirmEquilibriumfortheindividualconsumerEquilibriumcompetitivecompetitiveequilibriumEquilibriumgeneralgeneralequilibriumanalysisEquilibriummacroeconomicGDPCGIXEquimarginalprincipleExchangerateforeignexchangerateExchangeratesystemExcisetaxvssalestaxExclusionprincipleABCDExogenousvsinducedvariablesExpectationsrationaladaptiveExpendituremultipliermultiplierExports--ExternaldiseconomiesExternaleconomiesexternalitiesExternalvariablesexogenousvariablesExternalitiesFactorsofproductioninputsFallacyofcompositionFederalReserveSystemcentrabankFiatmoneyintrinsicvalueFinalgoodsintermediategoodsFinancialeconomicsFinancialintermediaryFirmbusinessfirmFiscalmonetarymix-Fiscalpolicy12FiscalcostcostfixedFixedexchangerateforeignexchangsrateFlexibleexchangeratesfloatingexchangeratesFloatingexchangeratesflexibleexchangeratesFlowvs.stock199812Foreign