Politics and Economics Vocabulary 2 Mr. Thacker

Chapter 15 Unit 4: Taxation

Identify and/or Explain

1. Classical economics

2. John Maynard Keynes

3. Productive capacity

4. Demand-side economics

5. Keynesian economics

6. Macroeconomics

7. Public Sector

8. Private Sector

9. Inflation

10. Multiplier effect

11. Stable economy

12. Transfer payments

13. Supply-side economics

14. Laffer curve