JB's AP MACROECONOMICS

FORGIVE THE MESS - UNDER CONSTRUCTION

ECONOMIC LINGO

Do not say "went up." - Say "increase."

Do not say "went down." - Say "decrease."

Curves do not "move." Curves "shift."

Curves "shift" left or right, not up or down.

The use of the term "money" should only apply to discussion about Money Creation and Money Supply.

Do not say "money" when you should say "income." (CONSUMPTION)

Do not say "money" when you should say "currency." (FOREX)

"People bought more stuff with their money." NO

"Consumer spending/Consumption increased." YES

"People made a lot more money." NO

"Households earned increased income." YES

The government spent more money to help the economy." NO

The federal government pursued expansionary fiscal policy by increasing government spending in response to a recession." YES

"The federal reserve made more money." NO

"The Federal Reserve/Fed increased the money supply." YES

"American money has more value compared to European money." NO

"The United States Dollar/American currency appreciated relative to the Euro/European currency." YES