Question: Define these words. Topic One: 1. Aggregate Demand: 2. Aggregate Demand Curve: 3. Real Wealth Effect: 4. Interest Rate Effect: 5. Exchange Rate Effect: 6.

Define these words. Topic One: 1. Aggregate Demand: 2. Aggregate Demand Curve: 3. Real Wealth Effect: 4. Interest Rate Effect: 5. Exchange Rate Effect: 6. Consumer Spending: 7. Consumer Investment or Long-Term Consumer Purchases: 8. Investment Spending: 9. Government Spending: 10. Net Exports: Topic Two: 1. Consumption Function: 2. Marginal Propensity to Consume (MPC): 3. Marginal Propensity to Save (MPS): 4. Planned Investment Spending: 5. Autonomous Spending: 6. Inventory Investment: 7. Spending Multiplier: 8. Tax Multiplier: 9. Transfer Multiplier: 10. Balanced Budget Multiplier: Topics Three and Four: 1. Aggregate Supply: 2. Aggregate Supply Curve: 3. Short-Run: 4. Long-Run: 5. Nominal Wage: 6. Real Wage: 7. Sticky Wages: 8. Input Costs: 9. Resource Prices: 10. Short-Run Aggregate Supply Curve: 11. Long-Run Aggregate Supply Curve: 12. Flexible Wages: 13. Full Employment Level of Output: Topics Five and Six: 1. AD-AS Model: 2. Short-Run Equilibrium Aggregate Price Level: 3. Short-Run Equilibrium Aggregate Output: 4. Demand Shock: 5. Supply Shock: 6. Recessionary Gap: 7. Inflationary Gap: 8. Output Gap: Topic Seven: 1. Self Correction: Topics Eight and Nine: 1. Stabilization Policy: 2. Fiscal Policy: 3. Monetary Policy: 4. Expansionary Fiscal Policy: 5. Contractionary Fiscal Policy: 6. Automatic Stabilizers: 7. Discretionary Fiscal Policy: 8. Non-Discretionary Fiscal Policy

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