Any diversion of income from the domestic spending stream; includes savings, taxes, and imports

Structural features of government spending and taxation that reduce fluctuations in disposable income and thus consumption, over the business cycle

According to “Last Word: Less Than Zero,” when the European Central Bank sent its federal funds rate below zero, it was trying to force banks to

The number of Federal Reserve Banks in the United States totals

According to “Last Word: Extend and Pretend,” during a financial crisis, the FED makes loans to firms that can post

According to the headline is last week’s Times of London, inflation had fallen to 

The amount by which output in the short run exceeds the economy’s potential output

A money aggregate consisting of M1 plus savings deposits, small-denominational time deposits, and money market mutual funds

A composite measure reflecting the prices of all goods and services in the economy relative to prices in a base year

A money aggregate consisting of M1 plus savings deposits, small-denominational time deposits, and money market mutual funds