Macroeconomics

Accommodating policy:

A policy that yields 

to the effect of a shock and thereby prevents the

shock from being disruptive; for example, a policy

that raises aggregate demand in response to an 

adverse supply shock, sustaining the effect of 

the shock on prices and keeping output at its 

natural level.

Accounting profit:

The amount of revenue re-

maining for the owners of a firm after all the factors

of production except capital have been compensated.

(Cf. economic profit, profit.)

Acyclical:

Moving in no consistent direction over

the business cycle. (Cf. countercyclical, procyclical.)