AQA economics module 2 As/A2 level key definitions

AD, AS, balance of payments, deregulation, privatization, LRAS, SRAS, macroeconomic objectives, circular flow of income, economic cycle, negative output gap, positive output gap, economic boom, economic growth, economic slump, capital account, financial account, current account, current account deficit, inflation, trade deficit, trade surplus, cost push inflation, demand pull inflation, Keynesian economics, new classical economics, CPI, HDI, RPI, RPIX, RPIY, savings ratio, GDP, nominal GDP, real GDP, PPP, fiscal policy, monetary policy, supply side policy, level of unemployment, rate of unemployment, real wage unemployment, structural unemployment, hidden unemployment, frictional unemployment, cyclical unemployment, taxation, indirect taxation, direct taxation, regressive taxation, progressive taxation.