Macro Economics

2. Social science analyzing production, distribution, and consumption of resources.
4. Earnings received over time from work, assets, or transfers.
6. Economics Study of individual markets, firms, and consumer choices.
7. Economics Study of aggregate outcomes like GDP, inflation, and unemployment.
10. Expenditure on assets expected to yield future returns.
11. The theory of a Formula linking nominal rate, real rate, and expected inflation.
12. Household spending on goods and services.
15. Financial assets available for producing goods or services.

1. Price of borrowing or return to lending, stated as a rate.
3. Persistent rise in the general price level.
5. Theory of Macroeconomics which approach emphasizing money balances in income determination.
8. Author of “The Wealth of Nations,” advocate of the invisible hand.
9. Joblessness arising from insufficient aggregate demand – Author related to Unemployment.
13. Widely accepted medium of exchange and unit of account.
14. Income not spent; set aside for future use.