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Central Bank
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is an institution that manages a state's currency, money supply, and interest rates.
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Australia's Central Bank
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Reserve Bank of Australia
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Money Supply
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is the total amount of monetary assets available in an economy at a specific time.
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Inflation Rate
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is the measure of the annualized percentage change in a general price index, usually the consumer price index, over time. The opposite of inflation is deflation.
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Interest Rate
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is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).
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Economic Growth
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It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.
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Unemployment
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is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force.
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Recession
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is a business cycle contraction which results in a general slowdown in economic activity.
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Fiscal Policy
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is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.
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Aggregate Demand
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or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time.
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expansionary monetary policy
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Federal Reserve system actions to increase the money supply, lower interest rates, and expand real GDP; an easy money policy.
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contracionary monetary policy
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Actions to decrease the money supply and increase interest rates.
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