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124 terms · 24 in-depth pages · Crypto Wiki · Glossary

19 pages

B

Budget deficitPublic spending in excess of revenue over a year.Macroeconomics

C

Consumer price index (CPI)The price of a representative basket of goods and services: the official inflation gauge.Macroeconomics Core inflationInflation excluding energy and food, steadier and watched by central banks.Macroeconomics

D

DeflationA general, lasting fall in prices that leads people to put off purchases.Macroeconomics

G

GDP (gross domestic product)The value of everything a country produces over a period: its change measures growth.Macroeconomics

I

InflationA general, lasting rise in prices that erodes money’s purchasing power.Macroeconomics ISM indexThe Institute for Supply Management’s PMI survey, the most watched in the US (manufacturing and services).Macroeconomics

N

Nonfarm payrolls (NFP)US jobs added each month outside farming, released on the first Friday.Macroeconomics

O

Output gapThe gap between actual and potential GDP: positive means overheating.Macroeconomics

P

PCE price indexThe household spending price index, the Fed’s preferred inflation gauge.Macroeconomics PMIA monthly survey of purchasing managers: above 50 activity grows, below 50 it shrinks.Macroeconomics Potential growthThe growth rate an economy can sustain without stoking inflation.Macroeconomics Public debtEverything the state and public bodies have borrowed, often as a share of GDP.Macroeconomics Purchasing powerWhat an income can buy: it falls when prices rise faster than wages.Macroeconomics

R

RecessionA decline in activity, often defined as two consecutive quarters of falling GDP.Macroeconomics

S

StagflationWeak or no growth combined with high inflation.Macroeconomics

T

TariffsTaxes on imports that make foreign goods dearer.Macroeconomics Trade balanceExports minus imports of goods: a surplus or a deficit.Macroeconomics

U

Unemployment rateThe share of the labour force without a job and looking for one.Macroeconomics

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