1.	Macroeconomics - Study of the economy as a whole.



2.	Inflation - Rise in general level of prices.



3.	Deflation - Sustained fall in the general price level.



4.	Stagflation - High unemployment and high inflation ta once



5.	Gross domestic product (GDP) - The dollar value of all final goods and services produced within the country's borders in a given year



6.	National deficit - The difference between the amount a government brings in through taxes and sends out through spending...