A Lexicon of Economics

A Lexicon of Economics

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A Lexicon of Economics compiles definitions and abbreviations of many commonly used economic terms and concepts. This book begins by providing a list of abbreviations, acronyms, and foreign phrases, followed by the definition of economic terms that are organized into alphabetical order. This compilation aims to address two difficulties in the idiom of economics-first is the exact use of a very specific definition for a common word that has many diverse meanings in everyday usage, and secondly, the interpretation of acronyms and abbreviations frequently used in economic and financial discussions. This monograph is suitable for professionals who want a handy, clear explanation of the economic terms they hear or read everyday.Similarly, there is a government expenditure multiplier, a tax multiplier (negative), and a net foreign-investment multiplier. ... When GNP increases because of a $1 billion increase in I, consumer income will increase as people are put to work creating the ... billion of C. But the effects do not end there, because production of more consumer goods also employs people and creates more household income .

Title:A Lexicon of Economics
Author:Kenyon A. Knopf
Publisher:Academic Press - 2014-05-10


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