Here’s a set of definitions for common and emerging economic and fiscal terms often seen bandied about in news reports.

With memories of (and the fallout from) the Great Recession of 2007 to 2009 still painfully fresh for too many families, anxiety is high over recent economic fluctuations. The U.S. economy shrank ...

An economic theory originated by the British economist John Maynard Keynes and his followers. Keynes maintained that governments should use the power of the budget to maintain economic growth and ...

An economic cycle measures an economy's performance over time. It has four notable periods before the cycle renews: expansion, peak, recession, and trough. During expansion, GDP is rising while ...