Economic Definitions Worksheet

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eco372r7_macroeconomic_terms.docx
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Title

ABC/123 Version X

1

Macroeconomic Terms

ECO/372 Version 7

1

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

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