Domestic Macroeconomic Paper

Theory Points to use in Domestic Macroeconomic Paper:

-Four Components of Aggregate Demand

-Consumer Spending

-Investment Spending

-Government Spending

-Net Trade (Exports-Imports)

-Three Pillars of Aggregate Supply

-Labor

-Capital Stock

-Productivity/Technology

-Consumer Price Index

-Fiscal Policy

-Monetary Policy

-Invisible Hand Theory

-Structural Unemployment

-Frictional Unemployment

-Cyclical Unemployment

-Opportunity Cost

-Explicit Opportunity Cost

-Recession

-Depression

-Gross Domestic Product

-Price Ceilings/Rent Control

-Price Floors/Minimum Wage

-Underground Economy

-Black Market

-Veblen Goods

-Gentrification

-Substitution Products

-Aggregation

-Abstraction

-Open Economy

-Closed Economy

-Tariffs

-Economic Sanctions

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