Symbols+Used+in+Macro

Symbols+Used+in+Macro - G=government purchases of goods and...

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Symbols Used in Macro by me (so far) 10/2 SR short run; LR long run Agg D aggregate demand Agg S aggregate supply y=Y=real GDP = output=production=income P=overall level of prices (GDP price deflator or possibly CPI) C=consumption S=saving T=personal income tax -> Y-T=disposable income I=investment in real capital (plant&equipment, residential housing, change in inventories)
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Unformatted text preview: G=government purchases of goods and services NX=X-M=net exports (X=exports, M=imports) Ms=money stock=money supply Ms/P =real money supply r (and sometimes i) = interest rate (nominal) mpc = marginal propensity to consume =change in C/ change in Y mps=marginal propensity to save = change in S/ change in Y=(1-mpc)...
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