Macroeconomics

Aggregate demand is the total demand for finished goods and services in an economy as measured by the monetary amount paid for those goods and services at a particular point in time.

The multiplier effect refers to the phenomenon that adding or subtracting capital from the economy has a larger effect on economic production than the amount added or subtracted.

IS-LM is an economic model that helps show the interaction between interest rates and the economy.

Balance of payments (BOP) is the sum of all economic activity done by individuals, companies, and governments within one country with people, companies and governments in other countries.

The cross elasticity of demand is how much the demand for one good changes when the price of a different good changes.

Regression is a statistical method that determines the strength of the correlation between a dependent variable and one or more other, independent, variables.

Economic growth is when more goods and services are produced somewhere than were being previously produced.

Stagflation is a period of persistently low economic growth and high inflation.