voodoo economicsˈvoodoo ecoˌnomics noun [uncountable] 
word sets
word setsWORD SETS► Economics
American English economic ideas that seem attractive but that do not work effectively over a period of timeabsolute advantage, active population, additionality, nounadjustable peg, nounannual earnings, anti-dumping, adjectiveanti-inflation, adjectiveausterity, nounbad debt, nounbalance of payments, nounbalance of trade, nounbalance sheet, nounbank money, bank rate, nounbankrupt, adjectivebankrupt, verbbankrupt, nounbarrier to trade, nounbilateralism, nounblack market, nounboom, nounbroad money, brown goods, nounbudget, nounCACM, capital accumulation, nouncapital formation, nouncapitalism, nouncapitalist, adjectivecapital surplus, cartel, nouncentral government borrowing requirement, CGBR, Chicago School, nounclosed economy, nouncommerce clause, commodity, nouncommodity product, comparative advantage, consumer, nounconsumer confidence, nounconsumer durables, nounconsumer goods, nounconsumer price index, nounconsumer surplus, consumption, nounconsumption function, nounCost of Production Theory of Value, nouncreditor turnover rate, nouncredit rationing, noundebt ratio, deflate, verbdemand, noundemand and supply, noundemand price, demonstration effect, deregulate, verbdeveloped, adjectivedirigisme, noundiscretionary spending, dishoarding, noundisinflation, noundisposable income, noundis-saving, noundisutility, noundiversify, verbdivision of labour, noundole queue, dollars-and-cents, adjectivedowntick, noundownturn, noundrawdown, nouneconomic, adjectiveeconomic goods, economic paradigm, economist, nouneconomy, nounefficient market, elasticity of demand, nounelasticity of substitution, nounembargo, verbemployment theory, euro-zone, exchange, nounExchange equalization account, exchange rate mechanism, nounexpectations, nounexpenditure, nounexternal account, external competitiveness, externality, nounfactor cost, factor of production, nounFederal funds, fiscal, adjectivefloor, nounflow of funds, nounforced saving, for-profit, adjectivefree enterprise, nounfree marketeer, nounfree movement, nounfree trade, nounGDP, nounGNP, nounGoldilocks economy, goods, noungoods and services, noungross domestic product, noungross national product, noungross product, nounguaranteed price, hyperinflation, nounIMF, the, IMF quota, imperfect competition, imperfect market, import, nounimport, verbimportation, nounimporter, nounincome effect, industrial output index, Industrial Sentiment index, inelastic, adjectiveinflate, verbinflation, nouninflationary, adjectiveintermediate goods, International Monetary Fund, nouninvestment goods, J-curve, nounknowledge economy, labour-intensive, adjectivelabour market, nounLaffer curve, nounlaissez-faire, nounliving standard, nounMaastricht Treaty, nounmacroeconomics, nounmarginal revenue, market-driven, adjectivemarket economy, nounmarket failure, market forces, nounmarket-led, adjectivemarket-oriented, adjectivemarket value, nounmixed economy, nounmonetarism, nounmonetary, adjectivemoney income, monopsony, nounmultilateralism, nounNAIRU, nounnational debt, nounnational income, nationalize, verbnational wealth, neocolonialism, nounnet output, NIC, nounnominal price, non-durable goods, open-market, adjectiveoutflow, nounoverheated, adjectivepass-along, nounpass-through, nounpeg, verbper-capita income, perfect competition, perfect market, personal saving, political economy, nounpost-industrial, adjectivePPI, price control, nounprice effect, price fixing, nounprice-fixing, nounprice index, nounprice-insensitive, adjectiveprice-sensitive, adjectiveprice support, nounprice theory, primary production, private enterprise, nounprivately-owned, adjectiveprivatization, nounprivatize, verbproducer price index, production control, protect, verbprotectionism, nounprotective, adjectivepublic enterprise, public ownership, nounpublic sector borrowing requirement, public service, nounPurchasing Managers' index, real, adjectivereal income, recession, nounreflation, nounrefund, nounRetail Price Index, scarcity value, nounshakeout, nounSingle European Market, slump, nounsocial accounting, socioeconomic, adjectivesqueeze, verbsqueeze, nounstagflation, nounstandard of living, nounstandard spending assessment, staple, nounstringent, adjectivesubsidy, nounsubstitution effect, surplus, nounsystematic risk, trade deficit, nountrade dispute, trade gap, nountrade surplus, nountrade-weighted index, trickle-down effect, nountrough, nountrust, noununder-investment, noununit of account, noununsystematic risk, uptick, nounvoodoo economics, noun