| Macro Question | Answer |
| The amount by which aggregate expenditures at the full employment GDP fall short of those required to achieve the full employment GDP | |
| Percent of national debt owned by foreign countries | |
| This man is responsible for the creation of the aggreagate expenditure model | |
| The amount by which an economy's aggregate expenditures at the full-employment GDP exceed those just necessary to achieve the full-employment level of GDP | |
| This is a financial instrument issued by the federal government to borrow money to finance expenditures that exceed tax revenues | |
| This is the biggest contributor to leakage when dealing with the expenditure model | |
| This definition of money involves the addition of M1 + near monies | |
| Savings and Loans are better known as these | |
| government spending in excess of tax revenues | |
| Of the three horizons of Aggregate Supply this is the one where input prices are fixed, but output prices can vary | |
| This form of fiscal policy involves decreased governemnt spending and increased taxes | |
| A group of three economists appointed by the president to provide expertise and assisstance on economic matters | |
| Is essentially the total accumulation of the deficits the federal government has incurred through time | |
| The percent of the National Debt owned by government agencies | |
| Anything that increases the government's budget deficit during an expansion without requiring explicit action by policymakers | |
| When an expansionary fiscal policy may increase the interest rate and reduce investment spending | |
| The ease of which an asset can be converted into money | |
| This is when money is used to enable people to transfer purchasing power from the present to the future | |