Untitled Quiz

The branch of economics that studies the behavior and performance of the economy as a whole. It focuses on aggregate variables like inflation, unemployment, and economic growth.

The sustained increase in the productive capacity of an economy over a long period of time.

Total output, or income earned, by an economy in a given period.

A sustained increase in the general level of prices for goods and services in an economy.

The state of being without employment.

A model of the economy that shows how interest rates and output are determined through the interaction of the goods market and money markets.

Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.