short-run equilibrium
91Neo-Keynesian economics — Not to be confused with New Keynesian economics. Economics …
92Classical economics — is widely regarded as the first modern school of economic thought. Its major developers include Adam Smith, Jean Baptiste Say, David Ricardo, Thomas Malthus and John Stuart Mill. Adam Smith s The Wealth of Nations in 1776 is usually considered to …
93List of eponymous laws — This list of eponymous laws provides links to articles on laws, adages, and other succinct observations or predictions named after a person. In some cases the person named has coined the law – such as Parkinson s law. In others, the work or… …
94Schools of economic thought — describes the multitude of academic approaches toward economics throughout the history of economic thought. While economists do not always fit into particular schools, particularly in modern times, classifying economists into schools of thought… …
95Golden Rule savings rate — In economics, the Golden Rule savings rate is the rate of savings which maximizes steady state growth consumption in the Solow growth model. It is a term attributedref|PhelpsAttribution to Edmund Phelps who wrote in 1961 that the Golden Rule do… …
96Demand curve — An example of a demand curve shifting In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. It is …
97Mundell-Fleming model — The Mundell Fleming model is an economic model first set forth by Robert Mundell and Marcus Fleming. The model is an extension of the IS LM model. Whereas IS LM deals with economy under autarky, the Mundell Fleming model tries to describe a small …
98Gold standard — For other uses, see Gold standard (disambiguation). Under a gold standard, paper notes are convertible into pre set, fixed quantities of gold. The gold standard is a monetary system in which the standard economic unit of account is a fixed mass… …
99Keynesianismus — John Maynard Keynes Unter Keynesianismus [keɪnz ] wird in den Wirtschaftswissenschaften ein Theoriegebäude verstanden, in dem die gesamtwirtschaftliche Nachfrage die entscheidende Größe für Produktion und Beschäftigung ist. In diesem Sinne geht… …
100Inflationary Gap — A macroeconomic condition that describes the distance between the current level of real gross domestic product (GDP) and full employment (long run equilibrium) real GDP. The inflationary gap is so named because the relative increase in real GDP… …
